B2B procurement
18 Best Process Modeling Tools and Techniques to Know in '24
Business process modeling tools are applied to improve process transparency and process performance, such as efficiency, effectiveness, and compliance. According to case studies, process modeling can reduce the waiting time in important processes, such as case resolution and approval time, by 75 to 85%.
B2B Buying Journey: 5 Challenges & 5 Best Practices in 2024
Today, the B2B buying journey is digitized. A McKinsey report indicates that 65% of B2B companies across different industries were transacting online in 2022. Consequently, customers now spend only 5% of their time on sales representatives. So, businesses require newer, creative, effective ways of sales and marketing for adapting to changing customer demands and expectations.
Innovation Procurement in 2024: What it is & Best Practices
The increasing adoption of emerging technologies such as artificial intelligence and machine learning brings along several myths and misconceptions about them. These misconceptions and vendor hype can make it challenging for businesses to properly evaluate the benefits of innovative solutions before making any decisions.