Hyundai Engineering has signed a broad fair trade and mutual growth agreement with South Korea’s antitrust regulator in a move aimed at curbing unfair subcontracting practices and reducing the risk of financial shocks rippling through smaller suppliers, according to The Korea Times. The pact, backed…
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Procurement remains one of the most underused functions in the modern enterprise. It has the expertise to influence margins, supplier performance and risk, yet too often it is asked to deliver results without the authority, timing or systems needed to shape decisions in the first place. The problem begins with…
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The electric vehicle boom is increasingly being shaped not just by battery chemistry or consumer appetite, but by a new generation of long-term industrial partnerships that bind automakers, cell makers and materials suppliers together for years at a time. At the centre of this shift is the gigafactory supply deal:…
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View AllBeroe and Kearney have unveiled Beroe MAX, an AI-native decision engine they say is designed to make procurement more continuous, more connected and more commercially relevant. Announced at Digital Procurement World in New York, the platform is intended to sit between intelligence tools and operational systems, giving procurement teams a…
Global Green Europe has turned its invoice handling into an automated control process after introducing an autonomous AI agent developed by Palatino, according to Muy Pymes. The system, nicknamed “José Luis”, now checks incoming invoices before they are entered into the company’s records, cutting the…
