Many Procurement professionals know about the application of game theory and the benefits to their organisations, but only a small number of businesses currently exploit the full potential of the methodology – according to a recent survey conducted by TWS Partners.
The Association for Supply Chain Management, Procurement and Logistics (BME) reports on these insights in a two-page article in the current issue of its member journal. Furthermore, it informs readers about the application of game theory in tenders and negotiations. The interest in this topic demonstrated by the association once again confirms the relevance of game theory methodology for the Procurement profession.
"BIP - Best in Procurement" is a publication of the Association for Supply Chain Management, Procurement and Logistics (BME). Its six issues per year explore cross-industry news and trends as well as innovative solutions. The magazine is exclusively available for BME members.