Miscellaneous

A miscellaneous archive for posts that do not fit into any other categories. If you don’t find what you’re looking for here, try another category.

How Tealbook Uses Machine Learning to Ensure a More Effective and Efficient Supply Base

Machine learning is what makes Tealbook able to deliver such a significant change to procurement processes. It enables our tool to continually improve your vendor master, allowing you to focus on strategic activities. What is machine learning? Machine learning is a form of artificial intelligence that makes it possible for systems to automatically learn and …

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How to Educate Your Internal Stakeholders on the Need for Data Accuracy

Building a solid data foundation is key to building a sustainable and productive procurement function. And yet, many organizations push back on the need to invest in supplier data management tools. Internal stakeholders such as the C-suite and leaders of other departments are often unable to see the need for digital transformation tools for procurement …

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10 Reasons to Centralize and Consolidate Your Supplier Data

Centralizing and consolidating your supplier data into a single source of truth developed and maintained with autonomous technology is the first step to building a solid data foundation and delivering procurement’s full value.   Get a Full View of Spend When the entirety of your organization’s supplier and spend data is in one place, you’re …

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Tealbook Launches New Diversity Reporting Features to Foster More Inclusive Supplier Networks

Self-certification and Tier 2 Data Reporting bring new opportunities for companies to increase diversity of supply chains To kick-off this exciting announcement, Tealbook is offering a FREE diversity spend health check. Get yours now. TORONTO, Canada,  August, 2020: Tealbook Inc., the ‘Trusted Source of Supplier Data,’ today announced that they are releasing a self-certification program …

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Why You Should Use Data Enrichment to Build a Strong Data Foundation

Think back to March 2020 when the COVID-19 pandemic started dramatically impacting supply chains around the world. There was an almost immediate shortage of various medical supplies, personal protective equipment like disposable masks and gloves, and, in North America, toilet paper. What were procurement teams to do? They needed supplies for their businesses, but their …

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5 WIN NOW BENEFITS

Five WIN-NOW Benefits You Need to Know About Tealbook – Questions for Kate Hands

Tealbook: Cleanses your supplier data by removing duplicated entries. Enriches your supplier data using machine learning technology, boosting it from an average of 10% completeness to 75%. You receive details such as products/services provided, categories (e.g., NAICS and UNSPSC codes), quality, diversity and sustainability certifications, and contact email addresses. Helps you reduce onboarding costs by …

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Quantify How Your Supplier Data Impacts Your Organization’s Success

Supplier data, now more than ever, is a business-critical component of enterprise operations worldwide.  How does your procurement team quantify this so that you can build a business case for investing in your digital transformation and building your data foundation? A March 2020 survey of 250 procurement and sourcing executives found a staggering number of …

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Board Games and Parenting: Understanding Artificial Intelligence and Machine Learning

The power of artificial intelligence (AI) and machine learning (ML) is growing every week. These technologies are the future of procurement, and we want to help you understand them so you can pave the way for automation. Artificial Intelligence  the technology that allows machines to simulate human behavior and make decisions.  Machine Learning  the computer …

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Severe Business Consequences Stem from Poor Supplier Data, Survey Shows

Procurement and Sourcing executives cite the negative impacts of misinformation and outdated supplier information as a global need for accurate data grows. TORONTO, CANADA, May 19, 2020: Supplier data —more than ever— is a business-critical component of the operations for organizations worldwide. However, even while recognizing the vital role that supplier information plays in business operations, …

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