Raleigh, NC / London, UK – September 3, 2025: Beroe, the global leader in procurement decision intelligence, today announced its acquisition of Forestreet, the London-based pioneer in AI-powered supplier discovery. Beroe and Forestreet share a common purpose: challenging legacy approaches to market and supplier intelligence through cutting-edge technology. That alignment has been the foundation of …
Best-of-breed SaaS platforms are very popular amongst procurement teams to aid their day-to-day workings in the age of AI. From supplier discovery to category analysis, every stage of the procurement lifecycle now has a best-of-breed solution ready to solve a specific challenge. But are we reaching a tipping point? In 2023 it was reported that …
Best-of-Breed Dilemma: Do Procurement Teams Have Too Many Tools? Read More »
Supply chain resilience is obviously a large focal point in procurement. What’s becoming increasingly apparent to procurement teams that supply chains do not fail when something goes wrong, but rather when nothing new has been built to go right. Too many resilience strategies are built around reaction. Procurement leaders focus on contingency plans and firefighting, …
Supply Chain Resilience Starts at Discovery, Not A Crisis Response Read More »
Over the last two decades there has been a new trend of turning to the local micro supplier. Globalization promised and largely delivered cost efficiency and scale in sourcing and the assumption was simple; bigger suppliers that were further away and operating at scale were the key to streamlined supply chains. But cracks in that …
While each stage of the Supplier Lifecycle Management process presents significant opportunities to add value; through cost reduction, time savings, risk mitigation, and supplier quality improvement. The key challenge lies in deciding where to start. This decision is complex due to the need to balance strategic impact, organisational readiness, and interdependencies between stages. Below is …
Supplier Lifecycle Management: The Ultimate Guide to Maximising Procurement Value Read More »
Fixed lists are something that a lot of procurement teams rely on for supplier discovery. It’s becoming apparent through conversations with procurement teams that there’s now an overreliance on static lists. Which means procurement teams might be missing information within a category or on a specific supplier. We’ve already looked at why Google and LLM’s …
Here’s a truth the procurement world doesn’t say out loud often enough: most spend categories lack a defined category strategy and not because the value isn’t clear, but because Category Managers simply don’t have the time. It’s not a question of importance, category strategies are powerful tools. But Category Managers are overwhelmed by constant firefighting, …
Why Most Category Managers Don’t Have a Category Strategy (and What to Do About It) Read More »
Supplier discovery in today’s age on the surface seems easy, however we don’t think LLM’s are providing procurement teams with the accurate knowledge that they need. Artificial intelligence has transformed how businesses interact with information, but not all AI models are designed for every use case. LLM’s are an impressive general-purpose tool capable of answering …
A lot of procurement teams right now are trying to slash hidden costs and streamline their procurement process. As Forestreet is a supplier discovery SaaS solution, it’s no secret that we constantly discuss the benefits of having a diverse supply chain and ensuring that procurement teams have access to high-quality information on all their suppliers …
The Hidden Costs of Sticking with the Wrong Supplier Read More »
For years, businesses have relied on Google as the go-to search engine for everything, including finding suppliers. However, anyone who has seriously attempted supplier discovery through Google knows the frustration it can bring. While Google is excellent for general searches, it falls short when it comes to sourcing manufacturers, wholesalers, or specialised suppliers. Businesses often …
