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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. 2- and 3-way matching).
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.
2025 RAM: Assuming Hansens upgrades materialize, it leaps to Leader status with high execution and vision, challenging modern platforms in procurement while retaining a lean edge. NYCTA) Strategicsourcing (e.g., NYCTA) Strategicsourcing (e.g., Its a relic of efficient simplicity. government) Modern MRO (e.g.,
They can improve performance, lead to stronger strategic alignment, and enhance the career development opportunities for your procurement staff. A typical procurement competency framework covers several key areas, including but not limited to strategicsourcing, supplier management, risk management, and contract negotiation.
Procurement Priorities for 2025 and Beyond The manufacturing industry is evolving rapidly, leaving Chief Procurement Officers (CPOs) grappling with challenges that could make or break their organizations. Solutions: StrategicSourcing: Move beyond transactional purchasing and embrace strategicsourcing.
Its January of 2025 and were back with a new Magnus Monday article! This time of the year there tends to be plenty of predictions flying around, so I thought… The post Magnus Mondays Four Things I Want to See in 2025 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
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. It made me wonder if and how the C-Suite view of procurement has evolved over the past 14 years. Analytics and insights from procurement data were minimal.
While they are distinct concepts, they complement each other in AI-driven procurement, strategicsourcing, and market intelligence. ABM helps simulate real-world procurement interactions , leading to better strategicsourcing, risk mitigation, and negotiation tactics.
Comparing ProPurchaser and nnamu , two ProcureTech solution providers, involves evaluating their offerings, approaches, and strengths based on available information as of March 17, 2025. Approach : AI-powered, combining game theory algorithms with market intelligence (post-2025 acquisition by Beroe) for autonomous decision-making.
EDITOR’S NOTE: I am under embargo regarding the advanced copy I received from ZIP with their Procurement Predictions for 2025. This integration will streamline strategicsourcing, reducing cycle times and enhancing efficiency. So, I thought I would make a little prognostication myself. There is, however, a twist.
emissions, diversity) across the lifecycle, ensuring 95%+ compliance with EPA and EU rules, critical for Chevrons 2025 goals. Limited in ESG or strategicsourcing but supports operational agility. ESG, trade laws), critical for Chevrons global operations under 2025 scrutiny. Cost Control: Streamlines indirect spend (e.g.,
According to Gartner, up to 67% of ERP implementations fail — and as more solutions migrate to the cloud, they predict the failure rate could climb to as much as 90% by 2025. Why ERP Implementations Fail and will fail for Healthcare Supply Chains. Demand planning capabilities.
A major multi-billion euro player in the chemicals industry recently informed suppliers that they will not be included on the approved list from 2025 unless they share precise carbon footprint data about their products. This is precisely why JAGGAER partners with carbmee and directly integrates carbmee calculations into JAGGAER’s RFQ module.
Estimated Savings Breakdown Heres the percentage of the $75 million savings a cosmetics manufacturer could reasonably expect over 12 months in 2025: MRO (Maintenance, Repair, and Operations): 20% ($15 million) Spend Estimate: ~$440 million (20% of $2.2 Savings Potential: 5-10% via automation and strategicsourcing.
AdaptOne for supplier onboarding, GEP for strategicsourcing) rather than purchasing a comprehensive S2P suite with unused features (e.g., For example, a firm needing only P2P can use Procurify ($24K/year) instead of Coupa ($500K+), avoiding irrelevant sourcing tools. ESG tracking, dynamic discounting).
As of April 3, 2025, its positive and negative aspects can be assessed based on its role in the industry, participant feedback, and broader trends in procurement technology. Potential Bias Post-Acquisition: ORO Labs acquisition of ProcureTech in March 2025, which includes ties to ProcureTech 100, could subtly influence DPWs ecosystem.
Editors Note: Over the next few weeks on CPO Rising, were publishing some best of 2024 articles as we reflect on last year and begin tackling 2025. If you missed… The post Best of 2024: eSourcing 2.0: Making the Case in 2024 appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
According to ResearchandMarkets.com, the market for at-home delivery was around $25 billion in 2020, and is expected to skyrocket to $72 billion by 2025. The market boomed, and hasn't stopped booming as more consumers have caught on to the convenience of not having to go to the stores for their basic necessities.
RESEARCH TRIANGLE, NC, March 6th, 2025 JAGGAER, the global leader in Autonomous Commerce, today announced it has achieved SOC 2 Type II certification for its Advanced Sourcing Optimizer (ASO) solution and ISO 27017 certification across its comprehensive suite of SaaS solutions.
Consider these courses and resources from NLPA: Data Analytics for Procurement Professionals Microsoft Excel for Purchasing Professionals Excel Basics for Buyers StrategicSourcing Optimization: Justification : Applying strategicsourcing principles, including category management, supplier segmentation, and Total Cost of Ownership (TCO) analysis, optimizes (..)
How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How to report and analyze indirect spend to identify savings opportunities.
A Blog for Procurement, Supply Chain and Purchasing Professionals, sponsored by Corcentric , a leading Procurement Service Provider, specializing in StrategicSourcing, Procurement Resources and Procurement Advisory. Brought to you by the StrategicSourceror.
billion between 2022 and 2025, with 55% of demand coming from Europe. A Blog for Procurement, Supply Chain and Purchasing Professionals, sponsored by Corcentric , a leading Procurement Service Provider, specializing in StrategicSourcing, Procurement Resources and Procurement Advisory. Brought to you by the StrategicSourceror.
“The appointment is ideally timed as the public sector tries to successfully balance constrained budgets, delivery of key services public and the opportunities provided by the introduction of the new UK Procurement Bill in February 2025, opening up to more small businesses and social enterprises.
.” – Albert Einstein It started as a simple exercise: ask ChatGPT, “What are the Top 3 concerns for Chief Procurement Officers in 2025?” Taking it a step further, the following is a chronological summary covering 10 specific date points between 1959 and 2025 where I posed the same question.
Launched earlier this year, the Creators Wanted initiative spearheaded by the Manufacturing Institute and NAM seeks to recruit 600,000 new workers by 2025, increase student enrollments in technical and vocational programs by 25% and improve the perception of the industry among parents as a whole. Brought to you by the StrategicSourceror.
How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How to report and analyze indirect spend to identify savings opportunities.
Over half of supply chain managers surveyed by CNBC said they don’t expect supply chains to recover until 2024 or later, and 29% said it wouldn’t return to normal until 2025 or never. Communications are way faster and easier, and because we now have so much extra time, we can focus on building more valuable strategic relationships.”
” You must read through the entire raw and unedited discussion stream because within its dialogue is the explanation regarding what will happen in 2025, e.g., the GenAI Bubble Burst. This is an essential read for practitioners. M&A Mania is Coming Again … but will it be the same as last time?
How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend.
This webinar will highlight key supply categories (MRO, Capital, Bill of Materials, and Logistics) and how predictive technology optimizes Spot Buy, StrategicSourcing, and Category Management. The solution? Key Takeaways: How Predictive Procurement supports Enterprise Tariff Strategy How top teams achieve 18.8%
.” Ask Chat GPT 4 simple questions, and then tell me why maps and quadrants and solution provider logos matter: What were the top 10 procuretech solutions in 1995, 2005, 2015, and 2025? Manugistics : Focused on supply chain and logistics, Manugistics provided procurement tools to enhance sourcing and supplier management.
Considering the above, the following high-level comparison between ConvergentIS and SAP Ariba demonstrates how the agent-based model will be the dominant force that drives procurement and supply chain automation in 2025 and beyond. Key Products: Ariba Network, Spend Analysis, StrategicSourcing Suite, and Contract Management.
View our results time to complete sourcing projects reduction in sourcing time for 75% of customers Arkestro redefines procurement by making it predictive, proactive, and results-driven. This is the future of procurementand its happening today with Arkestro.
Leading automotive manufacturers such as Volkswagen and Mercedes Benz are planning to lay off tens of thousands of employees in 2025 in response to falling demand worldwide and Chinese competition. We will not know for sure what the prospects are even for the short term until well into the first quarter of 2025. A lot of time.
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