Remove Buyers Remove Demand Planning Remove Procurement
article thumbnail

5 Procurement Industry Trends to Watch in 2025

Arkestro

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.

article thumbnail

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. Demand planning capabilities. Demand planning is the ability to create forecasts that predict the future need for your products. In terms of feature vs. function, they appear the same, but are they?

professionals

Sign Up for our Newsletter

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

article thumbnail

The Big Interview with Lorna Baker

Procurement Heads

For Procurement Heads ‘ latest Big Interview, Lorna spoke with Gemma Burman about her procurement career. How did you get into procurement? Well, like a lot of people, I fell into procurement really. What are the roles and responsibilities the procurement function holds within Futures Housing Group?

article thumbnail

Supply Chain Forecasting — Everything You Should Know

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supply Chain Forecasting — Everything You Should Know Supply chain forecasting is about making predictions from both past and present information. Thus, why it is critical to the success of an organization.

article thumbnail

The Role of IT in Supply Chain!

Supply Chain Game Changer

Procurement Management. Procurement is one of the most important parts of supply chain management because it determines which suppliers you work with and how much they charge for their products or services. Supplier Relationship Management (SRM) involves relationships between buyers and sellers or manufacturers and suppliers.

article thumbnail

From Spend to Supply — Coupa’s direct spend management progress

Spend Matters

One consideration is the range of scenarios direct procurement encompasses, which can vary significantly from one customer to the next. prior to P2P execution) and/or downstream activities, new or existing products, procurement and/or supply chain functions, etc. The specific processes and needs involved may include upstream (i.e.,

article thumbnail

Critical differences between IT procurement and legacy sourcing

The Good Spending

Integrated solution as a guarantee of competitive advantage A significant difference in IT procurement is associated with a change in the paradigm of competitive advantage in the conditions of Industry 4.0. Therefore, there are very few commodity categories in IT procurement (e.g.,