What Can Figma Teach Us About RFPs?
The biggest problem in procurement is the existence of silos. Siloed data means that teams draft and issue RFPs with a subset of the information they require to write a comprehensive document soliciting supplier proposals. The buyer’s team lacks a full sense of the problem the firm wants to solve with the procurement or its […]
Agentic AI Is the Future of Procurement
EdgeworthBox announced its Generative-Procurement-as-a-Service offering for the Request for Proposals business process last month. We have built Generative AI tools to address the workflows of the three stages of a reverse auction: generating a first cut of a statement of work, drafting a supplier’s proposal, and making an initial cardinal ranking of the final supplier bids. […]
Generative Text is the Procurement Junior Staffer You Didn’t Know You Needed
Procurement is the first mile of the supply chain. Already, before the Pandemic, procurement teams were spread too thin. When Covid hit with its full force, these employees faced tremendous additional stressors, challenges that persist in many ways. It’s no wonder that there is burnout. 89% of survey respondents in this Keelvar survey say that they are “banking […]