by ProcuseWise | Aug 21, 2024 | AI in business, Procurement
Customer loyalty is crucial in the food industry, where competition is fierce and customers have plenty of options to choose from. Building customer loyalty requires more than just offering tasty food – it’s about creating a memorable experience that keeps customers...
by ProcuseWise | Aug 17, 2024 | AI in business, Ecommerce, Marketing
As the e-commerce landscape continues to evolve, it’s more important than ever for FMCG (Fast-Moving Consumer Goods) brands to implement effective strategies to stay competitive and drive sales online. From optimizing product listings to leveraging social media...
by ProcuseWise | Aug 13, 2024 | AI in business, Pricing
Price skimming is a pricing strategy where a company charges a higher price for a product during its initial launch and then gradually lowers the price over time. This strategy is often used to target early adopters and customers who are willing to pay a premium for...
by ProcuseWise | Aug 9, 2024 | AI in business
Negotiation is a crucial aspect of business, but it can often be time-consuming and complex. With the advent of AI technologies, the landscape of negotiation is rapidly changing. AI is being increasingly used to streamline and optimize the negotiation process, making...
by ProcuseWise | Aug 5, 2024 | AI in business, Procurement, Supply chain management
Procurement outsourcing is a strategic business practice where a company chooses to transfer certain procurement functions and responsibilities to a third-party service provider. This can include tasks such as sourcing, vendor management, contract negotiation, and...
by ProcuseWise | Jul 31, 2024 | AI in business, Procurement
As artificial intelligence (AI) continues to revolutionize various industries, its impact on procurement is becoming more prevalent. While AI offers numerous benefits in terms of automating processes, improving decision-making, and enhancing efficiency, there are also...
