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Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. This blog explains what a successful procurement strategy looks like in 2025, including a working definition, a strategic procurement framework, and the key steps to building one.
Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. This blog explains what a successful procurement strategy looks like in 2025, including a working definition, a strategic procurement framework, and the key steps to building one.
Rising software costs, lack of procurement oversight, compliance headaches, and clunky vendor management. All of these processes are critical components for managing procurement activities strategically. Modules can include e-sourcing, contract management, supplier management, procure-to-pay (P2P), and advanced spend analytics.
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.
2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges.
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.
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. Inability to integrate into daily operations.
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.
Effective lead time management is essential to avoid operational disruptions. It also requires adjusting supplier relationships to accommodate increased demand and managing a more complex inventory. All these insights and more are available in ControlHub’s latest Procurement Insights 2025 report. The solution?
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.
As more and more companies invest in S2P technology, Ivalua has commissioned a survey and report on “The State of Source-to-Pay Digitization 2025” from trusted research and advisory firm Ardent Partners. CPOs in 2025: Leading Through Uncertainty under Ever Growing Pressure Tariffs, geopolitical tensions, climate change and inflation….
Ivalua NOW AMER 2025 in New Orleans was an event that exceeded all expectations, delivering an unforgettable experience for our thriving procurement community. As always, a special thank you to our 2025 Partner sponsors! We came, we connected, and we conquered! Brent Griffith Day 2: More Keynotes, Sessions, and Silent Demos!
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.
Speaker: Chris Townsend, VP of Product Marketing, Wellspring
In this new webinar, Chris Townsend, VP of Product Marketing at Wellspring, will provide a primer on how Growth Innovation works and why it is poised to become the next generation of Innovation Management! 📆 January 30th, 2025 at 9:30 AM PST, 12:30 PM EST, 5:30 PM GMT Save your seat today!
A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. Category Management Category management refers to the focused management of individual aspects of your procurement process.
Coupa announced during its Inspire 2025 event that it has acquired Cirtuo, a provider of category management (CatMan) software. The move addresses a long-standing gap in many procurement technology offerings: helping teams define and manage procurement strategies, rather than just executing sourcing events. What is Cirtuo?
Others, like Stakeholder Management in Procurement Transformation , shared tactical advice: align early, communicate often and tailor the message to the audience. They tackled real issues, such as resistance to change, fear of job loss and skepticism from stakeholders who have seen transformation fail before.
Smarter, faster, still human — A GenAI playbook for modern sourcing Iyyappan Chandramouleeswaran, a source-to-pay transformation specialist and ex-management consultant, offers some personal insights into how instead of replacing humans in sourcing processes, it unlocks strategic capacity by augmenting their work.
Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. You’ll gain insights into: 📦 Smarter Fulfillment Workflows: Manage diverse product categories, from fast-moving goods to custom furniture or bulk items. Save your spot today!
That, at least, is the theory behind mathematical optimization, and the way it’s being applied to supply chain management today. Bowman, SupplyChainBrain Supply chains consist of imperfect humans struggling to make perfect decisions. In the end, though, it all comes down to a game of numbers.
As we fast forward to the horizon of 2025, the Institute for Supply Management News ventures into the unknown, exploring the enigmatic path that lies ahead. from artificial intelligence to sustainability, behold a glimpse into what’s in store for the dynamic world of supply chain management in the year 2025.
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.
The first Ivalua NOW conference of 2025 took place in Paris in March. Overview of Ivalua NOW Americas 2025 The event followed a similar structure to that of the EMEA Ivalua NOW conference. The post Ivalua NOW Americas 2025: Innovate to Elevate appeared first on Spend Matters.
The event included several new product announcements as well as company updates following Docusigns major announcement at last years event, the advent of a new contract management category called Intelligent Agreement Management (IAM) designed for wider organizational appeal beyond just procurement and legal departments.
Did you miss the recent webinar “Proactive Supplier Risk Management Requires a Solid Data Foundation, featuring Andrew Bartolini, founder and chief research officer for Ardent Partners, and William McNeill, VP,… The post State of Supplier Management2025: Risk, Resilience, and the Rising Role of Data and AI appeared first on CPO RISING (..)
We were also happy to moderate several sessions on this topic and present our own session on Thursday morning about practical next steps to prepare for enterprise-wide adoption of AI agents, especially with regards to data and knowledge management. The post DPW New York 2025: Put AI to work appeared first on Spend Matters.
As the wheels of the trucking industry continue to turn, the question on everyone’s mind is: where are trucking rates headed in 2025? Predictions for Trucking Rates in 2025 With the ever-evolving landscape of the trucking industry, the future of trucking rates in 2025 is a hot topic among industry executives.
In 2025, SaaS stacks are still expanding. Spendflos State of SaaS Procurement 2025 report analyzed tens of thousands of SaaS contracts and surveyed finance and procurement leaders across the US and UK to understand how SaaS is being bought and used by organizations. This content does not express the views or opinions of Spend Matters.
In the ever-evolving landscape of supply chain management, procurement leaders must stay ahead of the curve to ensure success in 2025 and beyond. From leveraging technology to fostering sustainable partnerships, these strategies will empower procurement leaders to thrive in the dynamic world of procurement in 2025.
.” So, here is the question: Focusing on the core areas of global value chains and proximity, what do both the 2007 and 2025 articles indicate regarding the progress between the two time periods? 30 BONUS COVERAGE Progress in Global Value Chains and Proximity: 2007 vs. 2025 1. Table: GVCs and Proximity—Change from 2007 to 2025 4.
IO) Intake and orchestration market growth headwinds and tailwinds When Spend Matters released the Spring 2025 SolutionMap, we introduced the Intake and Orchestration map. Core) Spendkey provides a still fairly young turnkey solution with solid data management. It is a good starting point for organizations that lack spend analysis.
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. Risk Management: Develop a comprehensive risk management plan identifying potential disruptions and outlining mitigation strategies.
The supply chain industry faces a transformative era heading into 2025. If you want to know how these factors influence daily operations or redefine long-term strategies, read on for an insightful look at the future of supply chain management. Subscribe The Supply Chain Renaissance Has Begun!
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. Key metrics were tied to cost reduction and spend under management. It made me wonder if and how the C-Suite view of procurement has evolved over the past 14 years.
Subscribe Effective Sales Contract Lifecycle Management Best Practices! Rebate Management Software is designed to handle the intricate calculations and processes associated with rebates in the supply chain. However, managing these rebates manually can lead to errors and inefficiencies.
Its 2025, which means finance and procurement leaders are under more pressure than ever to reduce costs, enforce policies, and manage spend without jeopardizing operations. More leaders are turning to purchasing management software to gain full control of their spend and stay audit ready, because manual processes simply cant keep up.
So, where is the parallel between Arkestro’s solution in 2025 and RAM’s 1998 Agent-based, self-learning algorithm AI system from 1998? Cycle Time Reduction: Cuts negotiation time by 60% , enabling teams to manage 3x more spend aligning with RAMs agility goals. mismatched SKUs) before human review.
2025 RELEVANCE The Department of National Defence (DND) case study involving Jon W. Hansen’s agent-based model (ABM) remains highly relevant in 2025. While the case study itself may not be widely referenced in 2025, its relevance persists as a benchmark for innovative procurement methodologies. Part 1 of 3).
Top 3 Procurement Technologies to Embrace in 2025 Staying ahead of key procurement technology and advancements is essential for CPOs who want to improve spend cost reduction, drive strategic value, and navigate the increasingly complex procurement landscape.
Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 6][7][9] Procurement in 2025 is evolving fastbalancing operational demands, strategic decision-making, and digital innovation. What's PLANERGY?
The global shipping industry is undergoing a massive restructuring in 2025, with long-standing alliances dissolving and new partnerships emerging. These shifts are set to redefine carrier operations, impact freight rates, and change how businesses manage their supply chains.
In 2025, the ability to track and monitor every movement within the supply chain is no longer optional; it’s essential to ensure operational excellence, minimize risks, and meet the demands of an increasingly demanding customer base. Here are some of the main benefits of having real-time visibility into your supply chain: 1.
This blog explores the key considerations for public sector organizations when selecting procurement technology in 2025, reflecting the latest trends and best practices. It wont happen overnight, but it is essential to think ahead so 2025 is the year to build a digital transformation roadmap.
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