Remove 2024 Remove Supply Chain Optimization Remove Supply chain resilience
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Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

By fostering these relationships, businesses can ensure stable supply chains, consistent quality, and even access to supplier innovations. According to a McKinsey report, firms that develop strong supplier partnerships are 35% less likely to experience significant supply disruptions.

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2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement

Procurement Insights

2011 eWorld Video THE EVOLUTION OF THE CFO VIEW Between 2011 and 2024 , CFOs’ views of procurement have evolved significantly, reflecting changes in the business environment, technology, and organizational priorities. Analytics and insights from procurement data were minimal.

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Procurement Trends 2025: Automation, Analytics & Strategy

Planergy

5] Finance Leaders Are Collaborating More Closely with Procurement: Nearly 48% of CFOs are leveraging procurement data to support broader financial strategies, from fraud detection to cost optimization. [1] In 2024, nearly 50% of teams were still wasting hours fixing spreadsheet errors and manually reconciling data.[4]

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5 Procurement Industry Trends to Watch in 2025

Arkestro

As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supply chain management in the coming year.

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Navigating the Top 3 Procurement Challenges in 2025

Jaggaer

However, the top three procurement challenges featured in the Hackett Group report demand immediate attention: slashing spending costs, securing supply chain resilience, and modernizing outdated operating models. This could include optimizing specifications, reducing waste, or exploring product substitution.

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Digital Supply Chain Predictions!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! Digital Supply Chain predictions article and permission to publish here provided by Michael Gaughan at land-link.com. Digital Supply Chain Predictions. Subscribe Here!

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Arkestro Secures $36M in Strategic Investment to Accelerate Predictive Procurement Innovation

Arkestro

The investment will accelerate Arkestros ongoing innovation in AI-powered procurement technology, advancing its mission to help enterprises unlock hidden savings, reduce supply chain risk, and drive operational efficiencyempowering procurement teams to focus on strategic, high-impact initiatives. cost savings on every $1M of spend.