Remove 2007 Remove Risk management Remove Sourcing
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What are the top 10 procurement predictions for 2030?

Procurement Insights

I have gone through the Procurement Insights archive of 2,410 posts from 2007 to today to provide what I believe will be a unique context explaining the evolution of predictions over the past couple of decades. There are between 2 and 4 links covering the period 2007 to 2024.

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Digital success – What makes procurement’s challenge so different?

Spend Matters

For example, many reports show that the adoption of e-sourcing by best-in-class companies has stagnated at 60% – 70% since 2007. Sourcing alone involves the many and often manual processes for RFxs, like RFIs, RFPs, RFQs, etc. Analysts and research firms have all reached the same conclusion.

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The Difference Between Supplier Relationship Perception And Perspective – ADOPTION!

Procurement Insights

Survey results indicate that many core supplier management functions, including risk management, relationship management, performance management, innovation management, and CSR/Sustainability management, are still supported by generic applications such as Excel, SharePoint, and Teams or by no system at all.

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New GEP Paper: Agentic AI Versus Real Agents?

Procurement Insights

1999 Revisited (Video) – Real Agents Leveraging AI GEP Autonomous Agentic AI Agents (High-Level Summary) GEP is set to revolutionize procurement and supply chain operations by introducing autonomous AI agents into the Source-to-Contract (S2C) and Procure-to-Pay (P2P) processes.

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The Spider Kills CLM Solution Providers, Risk Management May Be Next (Dr. Elouise Speaks)

Procurement Insights

Episode 4 of Dual Source Discourse drops tomorrow. Warning: Dr E is doing a deep dive into risk management solutions this quarter to see if they will be eliminated from the next iteration of her map. Dr. Elouise published her Q2 2024 Spider Map a few weeks ago. Of course, CLM isn’t the only category on the chopping block!