An 'across-the-spectrum rethink' needed as firms eye use of AI in procurement
The disparity between the relentless hype and its present limitations has left most people sceptical ...
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Amazon is looking to edge out sellers that claim to have made it the behemoth it is today, by ending the bulk orders of “thousands” of small suppliers. Bloomberg reports that the internet giant is keen to focus its wholesale purchasing on major brands such as Lego, Procter & Gamble and Sony. According to the report, the move is designed to put Amazon in a position where it can better compete with the likes of Best Buy, Target and Walmart. As for the mom-and-pop vendors, they’ll have to shift their association with the e-commerce company to its marketplace platform and look to win one sale at a time. Bloomberg adds, however, that the plan could be cancelled.
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