This guide explains how purchasing executives can use current ChatGPT Plus functionality to drive faster analysis, better decisions, and measurable productivity gains. It reflects how ChatGPT Plus works today and focuses on practical procurement use cases. Most lessons apply to the paid M365 Copilot and…
Artificial intelligence is quickly becoming one of the most powerful tools available to today’s buyers. It can analyze data, summarize trends, accelerate research, and improve preparation for supplier discussions. Used correctly, it strengthens judgment and gives buyers a meaningful edge. But when AI is used…
Microsoft’s M365 Copilot is built directly into Excel. You must have a Microsoft 365 Enterprise subscription, as well as an additional M365 Copilot subscription, but its ability to handle so many of the Excel tasks buyers are tasked with is well worth it. It also…
A new Economist Impact study — The Resilient Edge: Procurement in an Era of Polycrisis (2025) — reveals a profession under pressure. Two-thirds of CxOs now rank geopolitical instability and supply chain disruption as their top risk. Inflation and tariffs continue to erode margins. While…
Buyers are under constant pressure to evaluate supplier quotes, justify cost increases, and negotiate effectively. Too often, suppliers provide incomplete information or push back on requests for detail, leaving buyers with little leverage. Chat-based AI (like ChatGPT) can help. By using well-structured prompts, buyers can…
AI chatbots like ChatGPT and Copilot are helping purchasing teams save hours each week. A recent report by AI at Wharton showed that 94% of purchasing professionals surveyed reported using AI chatbots at least weekly. That’s up from just 50% the year before! We’ve found…
AI chatbots like Copilot, ChatGPT, and Gemini are more than a novelty. Manufacturing procurement teams are using these low-cost tools to analyze supplier quotes, prepare for supplier negotiations, developing category strategies, and speed up daily work. But most teams don’t know how to get started. …
The 2025 tariff war has created a new workload for purchasing teams – first to understand the ever-changing tariffs and trade policies, then to implement actions to mitigate cost increases. One of the mitigation strategies for manufacturers importing materials to the U.S. is to evaluate…
New tariffs – both recent changes by the U.S. administration and retaliatory tariffs from affected countries – are accelerating the need for purchasing teams to drive cost savings. While taking actions to mitigate the impact of ever-shifting trade and tariff policies is a priority, manufacturing…
Negotiation is a core skill for purchasing professionals, something to continuously work on improving. Whether it’s cutting a deal with a key supplier or mapping out a sourcing plan with internal stakeholders, negotiation is a daily activity for most buyers, sourcing managers, and procurement directors. It’s…