Procurement, once a back-office function, has evolved into a strategic cornerstone for organisations of all sizes. From the humble beginnings of simple purchasing to the complex, data-driven operations of today, procurement has undergone a transformative journey.
Recent TRG blog posts
Mastering the Procurement Lifecycle: A Comprehensive Play
Posted by Rick Yvanovich on Sun, Jul 21, 2024
Blog Topics: Technology trends, Business Intelligence, Digital Transformation
Sky-High Airfares Threaten Summer Peak Hotel Profits
Posted by Andrew Turton on Thu, Jul 11, 2024
In the vibrant and welcoming land of Vietnam, the hospitality industry is facing a significant challenge this summer as tourist travel by air has plummeted by up to 60%. Instead of exploring the beauty of their own country, travellers are opting for international destinations like Thailand or Malaysia. The primary culprit behind this shift in travel patterns is the soaring cost of airfare within Vietnam.
Read more: Effective Labour Market Strategies to Combat Staff Shortages in the Hospitality Industry
Blog Topics: Hospitality solutions, Technology trends
Is Procurement Missing Out on the AI Revolution?
Posted by Rick Yvanovich on Tue, Jun 18, 2024
Infusing artificial intelligence into procurement heralds a transformative shift, promising unparalleled efficiencies and strategic decision-making capabilities. Yet, as industries across the globe rapidly embrace this technological revolution, one question lingers: is procurement missing out on the full potential AI has to offer?
Blog Topics: Technology trends, Digital Transformation
What You Need to Know about Data Fabric and Do You Need One?
Posted by Rick Yvanovich on Mon, May 27, 2024
Both businesses and individuals generate and manage an overwhelming amount of data. So much so that even storage solutions like data marts or data warehouses are now unable to hold. Businesses today need something "deeper."
Blog Topics: Technology trends, Cloud Computing, Analytics
What Do Soccer and Formula 1 Have in Common?
Posted by Rick Yvanovich on Fri, May 10, 2024
At first glance, soccer and Formula 1 may seem like very different sports with little in common other than both being extremely popular internationally. However, upon deeper examination, these iconic global sports share remarkable similarities. Can you guess what they are?
Blog Topics: Technology trends
Understanding the Changing Dynamics of Procurement in Hospitality
Posted by Rick Yvanovich on Tue, Apr 23, 2024
Procurement in the hospitality industry is not just about buying goods and services; it is a strategic process that impacts the overall quality of operations. With responsibilities ranging from sourcing furniture, equipment, food, and beverage supplies to managing relationships with suppliers, this function has evolved from mere cost-cutting to becoming essential in achieving business goals.
Blog Topics: Hospitality solutions, Technology trends
Better Thrive in 2024 with These 3 Key Hospitality Trends
Posted by Andrew Turton on Mon, Apr 15, 2024
The global hospitality industry has been observing strong signs of recovery heading into 2024, with demand rebounding to pre-pandemic levels. With travel on the rise once more, hoteliers must strategise effectively to capitalise on this revival period through proactive alignment with emerging trends.
Blog Topics: Hospitality solutions, Technology trends, Cloud Computing, Digital Transformation
The Use of Spreadsheets and Modern Cloud Adoption in Businesses
Posted by Rick Yvanovich on Mon, Jan 22, 2024
Data plays a vital role in empowering leaders to not only stay informed about their current financial performance but also contribute to financial planning and analysis, as well as ensure businesses maintain compliance.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software, Technology trends, Cloud Computing, Analytics, Digital Transformation
Cloud Operating Platform – What Is It and Does Your Company Need One?
Posted by Rick Yvanovich on Thu, Jan 4, 2024
Cloud computing has revolutionised the way businesses operate, and at the heart of this transformation is the cloud operating platform. Often referred to as a virtual operating system, a cloud operating platform provides a sophisticated approach to navigating the complexities of cloud-based computing.
Blog Topics: Technology trends, Cloud Computing, Digital Transformation
Digital Transformation in Finance and The Changing Role of CFOs
Posted by Rick Yvanovich on Mon, Nov 13, 2023
The role of CFOs today has evolved significantly, becoming more dynamic and responsive to changing demands from internal stakeholders and external customers. The modern CFO is now involved in strategy creation and business transformation initiatives, acting as a strategic advisor to the CEO and the rest of the C-suite.
Blog Topics: CFOs, Financial Accounting Management Software, Technology trends, Cloud Computing, Infor SunSystems, Digital Transformation