The terms “sourcing” and “supplier discovery” are often used interchangeably in Procurement and Supply Chain Management, but they have distinct meanings and scopes. Here’s a detailed breakdown of each term, their overlaps, and the reasons behind the vagueness in their usage. Sourcing Sourcing refers to the process of identifying, evaluating, and engaging suppliers for acquiring …
We are pleased to announce our new partnership with Positive Purchasing, a company renowned for providing world-leading digital platforms, high-impact training, and consulting for strategic procurement and negotiation. This partnership marks a significant step forward in our mission to transform procurement. Positive Purchasing combines digital platforms, training, assessment tools, and proven methodologies to deliver improvements …
Forestreet partners with Positive Purchasing to revolutionise procurement processes Read More »
Deal builds out Beroe’s leadership in category-level procurement intelligence with addition of supplier insights RALEIGH, N.C & NEW YORK, N.Y – June 27th, 2024 – Beroe, the provider of the SaaS procurement intelligence and analytics platform used by the majority of Fortune 500 companies, today announced a strategic investment in Forestreet, the leading artificial intelligence-driven …
The Feature Map (FM) is a tool designed to help users easily navigate and understand the features and capabilities of companies across various categories. Users can add their criteria and features, like a functional requirement, allowing for precise filtering and a more refined list of companies. FM reduces the time and effort required to manually review …
Sourcing professionals spend over 40 hours of work sifting through thousands of options, only to consider a few dozen suppliers from a total population of thousands. Finding the right suppliers is crucial for any organisation’s journeys to success. Yet, the traditional supplier discovery process consumes valuable time, with the average search taking three months and …
Rapid Market Analysis: From Hours to Minutes with Generative AI and Topic Mosaic Read More »
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Discover key insights, challenges, and market analysis in KPMG’s Strategic Workforce Planning report with data from Forestreet. Download now.
We are excited to announce a new collaboration between Forestreet and TSM, a consultancy specialising in the implementation of procurement systems. Research shows that 40% of sourcing professionals spend an average of three months completing a single supplier search, yet they can only review a few dozen suppliers from thousands. TSM recognises this industry-wide challenge, …
Forestreet and TSM join forces to enhance supplier discovery solutions Read More »
In this report, IDC explores the benefits, trends and challenges with applying AI to vendor discovery.
October, 2023 – In the rapidly evolving landscape of procurement, data-centric solutions and platforms are leading the way. Forestreet’s partnership with ProcureTech marks a significant milestone. Our advanced AI SaaS Market and Vendor Discovery platform plays a pivotal role in the selection and curation of 2023 ProcureTech100 – the definitive 100 pioneering digital procurement solutions. …
ProcureTech and Forestreet join forces to shape The 2023 ProcureTech100 Read More »
