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2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement

Procurement Insights

The following is a 31-minute video of a 2011 lecture I gave at eWorld. It made me wonder if and how the C-Suite view of procurement has evolved over the past 14 years. Starting with the CFO, then the CIO, CEO, and The Board, here is the outline of changes in how top executives view procurement going forward in 2025.

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How 2011 Prepared Us for Today

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The Japanese Earthquake of 2011 and resulting tsunami are not exactly top of mind these days. On Friday March 11, 2011, at about 2:45PM local time, the most powerful earthquake ever recorded in Japan struck. You may remember the death and destruction from 2011 and draw a connection to the toll of the current coronavirus pandemic.

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Rittal, Electrical Enclosure Specialist, Confirms JAGGAER to Streamline Procurement, Increase Transparency, and Enhance Compliance

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RESEARCH TRIANGLE, NC, March 20, 2025 Rittal, one of the world’s leading system providers of electrical enclosures, power distribution, climate control, IT infrastructure, software and services, has confirmed JAGGAER for its procurement processes. Over time, the use of the software was gradually extended to other modules. .

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Ivalua Further Grows its Procurement Solution Business in Canada

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Implementation of the project was led by Optis’ expert consulting team with support from Ivalua professional services, allowing TELUS to streamline their procurement processes through a simplified system that manages spend, ensures compliance, provides a rich catalog of products and services, and creates a full digital record of purchases.

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Ivalua Announces International Convenience Retailer Implements its Source-to-Pay Procurement Solutions

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Through the implementation of its best-in-class Source-to-Pay solution which ensures rapid and accurate purchase processing, Ivalua is pleased to support Parkland’s growth strategy by transforming its procurement processes. We are excited to celebrate our deployment of another leading brand in Canada.

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Canada’s Federated Co-operatives Ltd. (FCL) goes live with Ivalua’s Source-to-Contract (S2C) solution with seamless integration to TealBook’s AI-powered supplier data foundation

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Together with its strategic partner Optis Consulting, Ivalua’s solution has digitally enabled FCL’s policies and processes for core procurement activities, including sourcing and contract management. Optis Consulting is a Source-to-Pay consultancy providing independent advice, precision implementations, and sustainable results to clients.

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6 Lessons for Procurement Digitization

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Chief Procurement Officers stand at the precipice of change and taking the next steps towards Procurement innovation is going to require strong leadership and expert guidance. Procurement digitization is the result of having innovative leaders such as Sylvie Noel, CPO of Covéa. ” —Woodrow Wilson. Here are the key takeaways.