Remove Procurement team Remove Real-time Visibility Remove Supply Chain Optimization
article thumbnail

The AI advantage: Why procurement can’t afford to sit on the sidelines

Spend Matters

Supply chains are more complex than ever, stakeholder expectations are soaring and the sheer volume of data that procurement teams must sift through is overwhelming. For years, procurement teams have been expected to do more with less while working with the same (or even fewer) resources.

article thumbnail

Agentic AI in Supply Chains: The Future of Decision Making

SCMDOJO

From rule-based systems to predictive analytics and the generative AI boom, businesses have leveraged these technologies to optimize operations, forecast trends, and create data-driven strategies. This leap in AI capabilities is revolutionizing industries, and AI-driven supply chain management is no exception.

professionals

Sign Up for our Newsletter

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

article thumbnail

How the importance of risk management has changed for procurement – and what to do about it

Spend Matters

As little as 10 years ago, we heard stories of pretty much indifference to risk: “supply risk management was young,” we heard, and “we didn’t worry too much about risk; we spent a very small percentage of our time on it.” According to one procurement leader we spoke to, all that changed around 2020. And Stephen is not alone.

article thumbnail

Navigating the Future of Supply Chains: Insights & Procurement

Jaggaer

Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supply chains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supply chain visibility and monitoring solutions a top priority.

article thumbnail

Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.

Price 264
article thumbnail

Adopting Supply Chain Efficiency Through Shopify CRM Integration

SCMDOJO

With international commerce increasingly digitalized and customer requirements continuing to grow, the demands on supply chain professionals to create frictionless, responsive, and cost-effective operations have never been higher. Supercharge your supply chain career through the SCMDOJO Supply Chain Learning Track Certification!

article thumbnail

Key Procurement Technology for Excellence in 2025

Jaggaer

Impact on Procurement: Gen AI leverages vast datasets to generate actionable insights, helping procurement teams predict future trends, such as market shifts, supplier performance, and demand fluctuations. How JAGGAER Helps JAGGAERs ESG solutions help procurement teams integrate sustainability into their sourcing strategies.