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The Chartered Institute of Procurement & Supply (CIPS) is delighted that Maistro, the AI-powered B2B marketplace for services has become the latest CIPS knowledge partner.
The partnership will bring a number of benefits to CIPS members including:
As part of the partnership, Maistro will share unique insights to help procurement professionals navigate digital procurement systems. Maistro will also host roundtable discussions and contribute to CIPS branch meetings on topics including:
The Maistro platform uses automation and artificial intelligence to help make the procurement process more efficient and cost effective. The platform also provides users with access to innovative supply chain solutions and quality suppliers.
Helen Alder, Head of Knowledge and Product Development at CIPS said, "Procurement and supply chain managers have more difficulties and pressures than ever before to operate and source from a global marketplace and, it has become really challenging. As the business environment becomes more complex, and with Brexit on the horizon, our members need and want more information and data on how to navigate these new unchartered waters.
"This partnership with Maistro can help procurement and help add value to the business so the Maistro offering will ultimately benefit businesses in many ways. The insight paper also helps with planning and sourcing strategies and shows how they can become easier, quicker and more rewarding."
Laurence Cook, Maistro CEO says, "The procurement landscape is changing rapidly with new technology and new ways of working critical to the future procurement professional.
"There is huge potential for procurement to make an immediate impact on EBITDA (earnings before interest, taxes, depreciation and amortisation) targets covering growth, gross profits and operational efficiencies for companies that address innovation within the sector.
"For the active procurement professional, this partnership between CIPS and Maistro means an easier route to overcome stakeholder challenges and accelerate supplier delivery. We are also delighted to begin this partnership."
Maistro recently unveiled its Procurement Predicament paper. This independent research included a survey of over 500 Chief Finance Officers and financial decision-makers in the UK, France, Switzerland, Germany and the Nordics, to gain insight into their short, and long-term strategies and their attitudes to procurement. The paper also includes procurement-specific data on what buyers value the most in corporate buying.
