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ERP vs. Best-in-Class for Healthcare SupplyChain Management? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts. The verdict?
Resources / Blog / 5 Procurement Industry Trends to Watch in 2025 5 Procurement Industry Trends to Watch in 2025 In recent years, the procurement industry has undergone unprecedented transformations driven by the adoption of digital transformation, big data, and advanced technology like artificial intelligence (AI), machine learning, and automation.
Top 3 Procurement Technologies to Embrace in 2025 Staying ahead of key procurement technology and advancements is essential for CPOs who want to improve spend cost reduction, drive strategic value, and navigate the increasingly complex procurement landscape.
This blog explores the key considerations for public sector organizations when selecting procurement technology in 2025, reflecting the latest trends and best practices. By adopting these technologies, public sector procurement teams can increase efficiency, reducecosts, and improve accountability.
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. Key metrics were tied to cost reduction and spend under management. Emphasis shifted from pure cost savings to total cost of ownership (TCO) and value creation.
Community colleges, public universities, and private institutions alike must navigate the potential for budget cuts, shifts in federal aid programs, and changing regulatory requirements. Budget Shortfalls First, the good news. After 2025 the college-age population is expected to shrink for the next five to 10 years.
Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Common disruptions such as economic instability, vendor delays, natural disasters, and supply shortages uniquely challenge schools due to tight budgets and rigid schedules. What Does a School SupplyChain Look Like?
Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Schools rely on vendors for everythingtextbooks and classroom supplies, technology, food services, and maintenance. However, budget restrictions and transparency requirements present challenges. What's PLANERGY?
Subscribe to SupplyChain Game Changer. billion by 2025, and businesses can save millions of dollars if reverse logistics management is implemented and done properly. Clearly, more companies need to go back to basics and ask what is reverse logistics’ role in the top trends of the supplychain? Subscribe Here!
Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Procurement in education is far more than simple purchasing. Procurement touches every aspect of an educational institution’s operational ecosystem, from textbooks and technology to laboratory equipment and cafeteria supplies.
Subscribe to SupplyChain Game Changer. 10 Vital SupplyChain Lessons from the Coronavirus Pandemic! Companies rely on supplychain management to reducecosts and increase their production cycle. Subscribe Here! Email Address. The global chip shortage is here to stay?
Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software.
Of course, there are companies that have already adopted sustainability in their supplychain. . Additionally, we will show you some companies that have embraced sustainability in their supplychain. . This will allow you to evaluate if it is now the time to switch to a sustainable supplychain.
Resources / Blog / The Power of Predictive Procurement Orchestration for Food & Beverage SupplyChain The Power of Predictive Procurement Orchestration for Food & Beverage SupplyChain Food and beverage procurement professionals have had their work cut out for them during the last few years.
So, here is my question: Do you see the parallel between the video on integration from more than a decade ago and the integration of AI-based solutions, which is likely to increase significantly with the AI Bubble bursts in 2025? Cost & SupplyChain Management ! The company was founded in 1979 by Gideon Gartner. .
Subscribe to SupplyChain Game Changer. 5 Impacts of Autonomous Trucking on SupplyChain! I don’t hold that point of view, but I do not believe there is a realistic scenario that Road Ready occurs before 2025 and most likely not until 2030. So if the autonomous truck is Road Ready (2025 or 2030?).
Getting a Thanksgiving dinner from farm to table is an intricately complex affair for food and beverage procurement teams, with supplychain shortages, inflation, and rising food costs affecting consumer decisions all playing a part. Most Thanksgiving food purchases will be made the week prior to and the week of Thanksgiving.
You may face challenges such as choosing reliable suppliers, controlling costs, and managing orders. Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supplychains. With 36% of leaders prioritizing AI implementation in finance [1].
This results in better negotiation outcomes, improved quality, reducedcosts, and enhanced overall value delivery. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.
This is similar to what fourth-party logistics (4PL) does for your business in the realm of supplychain management. In simple terms, fourth-party logistics (4PL) refers to outsourcing your logistics operations to a single partner who manages and optimizes the entire supplychain. But is 4PL right for your organization?
Understanding P2P: The Core of Effective Procurement The procure -to-pay (P2P) process drives purchasing efficiency for organizations of all sizes, covering every stage from initial requisition to final payment. In a manufacturing company, for example, operations might request a fresh supply of components or materials.
If we look back over the history of supply-chain planning, we can properly say we are in the third wave of integrated supply-chain planning software (Van Hove, 2019). To become autonomous, supplychains require the new technology of Wave 3 planning systems, which we think of as systems of intelligence.
Subscribe to SupplyChain Game Changer. But, when my mom was buying a new vehicle, she didn’t decide to scrap the vehicle from 1993 and purchase one from 1995. TVO differs from TCO because it is not solely focused on cost, but several dimensions of ‘total value’, such as societal, environmental and also financial aspects.
The SupplyChain as a Service (SCaaS) market has experienced significant growth in recent years, with even greater potential ahead. SCaaS is a technology-driven approach to managing supplychains, offering comprehensive end-to-end solutions for businesses. Let’s delve into this emerging concept.
In an excerpt from Linda Brigg’s article, Rick Grimm (who is CEO of the National Institute of Governmental Purchasing), made the following statement; “as is true of any technology, the push for an e-procurement solution typically comes from one or more tech-savvy leaders within a school district.”
Its stated goal is positive adjusted EBITDA in 2025, signaling a push toward operational profitability. million cost of sales. Optimizing supplier agreements or bulk purchasing could reducecosts by 5-10% ($0.8M-$1.6M), lifting gross margin to 79-80% and directly cutting the loss. in 2023 to $71.3M
Hansens concept of “Velocity Procurement” is a modern evolution of his earlier work in supplychain and procurement optimization, reflecting his decades of experience streamlining processes for organizations like the Canadian Department of National Defence and the New York City Transit Authority.
Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. High costs, slow processing, and regulatory hurdles pose challenges, but fintech and blockchain solutions help streamline transactions. ReducedCosts By reducing the need for correspondent banks, businesses enjoy lower fees.
Post pandemic, we all realized how fragile our supplychains had become. Add to that, wars and geopolitical instability, and distance sources of supply have become more problematic than promising. However, there is more to this than shoring up supplychains in the US.
He’s predicting that 75% of AI (procurement tech) solution providers today will be gone by the end of 2025. The example I will hold up here is the one of Agentic AI, which I tackled in my podcast covering 2025 predictions. The Head of Procurement isn’t going to have his / her own software budget : let’s be frank.
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