article thumbnail

Procurement transformation 2025: Why invest in procuretech and how to make the case – Prewave

Spend Matters

In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys.

article thumbnail

The Complete Procurement Competency Framework 2025

Skill Dynamics

Core Competencies in the Procurement Framework Sourcing Involves identifying and evaluating the best suppliers to secure high-quality goods and services. This can lead to more effective sourcing, reduced sourcing costs, higher quality products, and stronger overall supplier relationships.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What does a 2015 article have to do with Hershey’s 2025 acquisition of LesserEvil for $750

Procurement Insights

Web Resources: [link] [link] [link] ADDED 2025 READING: Past M&A Hershey Case References Amplify Snack Brands (2017, $1.6B): Without integration, Hershey risked over- or under-ordering ingredients (e.g., popcorn kernels for SkinnyPop), leading to potential waste or shortages.

article thumbnail

CPO Crunch: Follow the money

Procurement Leaders

Understanding who our suppliers are, who our suppliers’ suppliers are, and so on, allows us to understand where we need to spend time and which suppliers we need to develop when it comes to ensuring resilience and quality.

article thumbnail

Which of these five “experts” are predicting the right future for procurement in 2025?

Procurement Insights

As we near the end of 2024, virtually all industry players are publishing their procurement predictions for their respective 2025 reports. Based on the ChatGPT assessment I would ask you the following three questions: Which perspective on AI and digital transformation in procurement in 2025 is the most insightful and useful?

article thumbnail

The Overlooked Three Benefits Of ProcureTech Success In The Cosemetics Industry

Procurement Insights

“ The Forgotten Three A successful ProcureTech implementation can significantly influence product quality, supplier delivery performance, and full-time equivalents (FTEs) in indirect procurement by enhancing efficiency, visibility, and collaboration across the supply chain. Impact: Mechanism: ProcureTech tools (e.g.,

article thumbnail

The Complete Supply Chain Competency Framework 2025

Skill Dynamics

The ability to produce goods efficiently, promptly, and with extremely high-quality standards is key in modern supply chains. Legal While speed, quality, and efficiency are often some of the main goals when looking to enhance a supply chain, organizations also need to consider the legal side of things.