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New Year Insights for the procurement solutions and services marketplace 2024: GEP

Spend Matters

Procurement needs to think AI-first in 2024 and beyond The generative AI wave of 2023 truly brought us into the AI economy, with companies realizing how advances in AI have the potential to transform key processes and workflows that underpin how they operate and generate value.

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Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration

Jaggaer

Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Collaboration brings visibility and agility for gaining market share.

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

Procurement Insights

2011 eWorld Video THE EVOLUTION OF THE CFO VIEW Between 2011 and 2024 , CFOs’ views of procurement have evolved significantly, reflecting changes in the business environment, technology, and organizational priorities. CFOs valued procurement’s ability to align financial and operational goals using data analytics.

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Blockchain in procurement – The ultimate guide of 2024

TYA Suite

In 2024, blockchain technology is expected to transform various industries, and procurement is no exception. From reducing fraud to improving and automating contract management, blockchain is shaping the future of procurement in ways previously unimaginable. This level of visibility is invaluable for several reasons.

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Procurement Technology: 6 Solutions You Should Know In 2024

Pipefy

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. That’s where procurement, sourcing, and purchasing technology comes in.

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4 Key Trends Reshaping Manufacturing Procurement in 2024

Arkestro

Resources / Blog / 4 Key Trends Reshaping Manufacturing Procurement in 2024 4 Key Trends Reshaping Manufacturing Procurement in 2024 The dust is settling after the upheaval of the pandemic, yet the manufacturing industry remains forever changed. So what’s in store for 2024? Sustainable bidding. Reduce complexity.

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GenAI and the Skills Gap in Procurement

Jaggaer

A July 2024 Gartner survey also found that 72% of procurement leaders are focusing on incorporating generative AI, anticipating a shift towards strategic decision-making and innovation. In third place, cited by 56% of respondents, was the Changing Profile of Procurement Skills needed to adapt to these developments.