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Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.

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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. Analytics and insights from procurement data were minimal.

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The Four Critical Points of Stakeholder (Agent) ESG Alignment

Procurement Insights

C-suite executives are navigating a complex landscape of challenges in 2024. Now it’s dropped back to 2019 levels.” ( Source – The Wall Street Journal, Sept. 2024 ) 30 What is the role of the new Agent-Based AI Operating Systems STAKEHOLDER (AGENT) 1 What are the top five concerns for Chief Procurement Officers?

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5 Procurement Industry Trends to Watch in 2025

Arkestro

According to Gartner , 50% of large global companies are expected to implement AI and advanced analytics in their supply chains in 2025. increase from 2024. By automating routine work, procurement professionals can focus on high-impact tasks like strategic sourcing and relationship building with key suppliers.

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Navigating the Top 3 Procurement Challenges in 2025

Jaggaer

However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supply chain resilience, and modernizing outdated operating models. Solutions: Strategic Sourcing: Move beyond transactional purchasing and embrace strategic sourcing.

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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? But the tides are shifting in 2024.

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Procurement 2024: BIG Trends and Predictions

Arkestro

Resources / Analyst Reports / Procurement 2024: BIG Trends and Predictions Procurement 2024: BIG Trends and Predictions Download Now Let's Talk By the end of 2024, new AI innovations will begin to significantly change all facets of supply management technology. But in 2024, the role has never been more important.