The following article is written by Richard Peters, senior director of product management for Provista. Reducing supply expenses takes costs out of the system permanently and reroutes dollars directly ...
Retailers and vendors often struggle to negotiate contracts. During the NACS Show, a panel of industry experts addressed how ...
U.S. retailers Walmart and Target are bickering behind the scenes with their suppliers over proposed price hikes on everything from cake pans, tote bags, and toys to other merchandise. The outcome of ...
Walmart has reportedly begun using artificial intelligence in negotiating costs and purchase terms with certain vendors, doing in days what historically could take several weeks. Per Bloomberg, ...
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The recent tariffs imposed by the Trump administration mark a significant shift in U.S. trade policy that is expected to have a wide-ranging impact across multiple sectors, including in the energy ...
Paul Stepanek, author of the popular IndustryWeek article, “Hit with a Price Increase? Seven Tips for Negotiating with Suppliers,” updates his advice for manufacturers dealing with volatile market ...
There’s been plenty of talk over the years for employing chatbots to serve as negotiating agents. Now, it appears that chatbots, powered by artificial intelligence, may be entering mainstream usage.
Never mind using AI to write stories — Walmart is finding it helpful for landing a good bargain. The retailer tells Bloomberg that it's using a chatbot from Pactum AI to automatically negotiate some ...
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