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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. Inability to integrate into daily operations.
In a world where the digital realm continues to shape the future of industries, the supplychain landscape stands at the precipice of profound conversion. 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.
In the ever-evolving landscape of supplychain management, procurement leaders must stay ahead of the curve to ensure success in 2025 and beyond. In this article, we will explore four key strategies that procurement leaders can adopt to navigate the complexities of the future supplychain landscape.
ERP vs. Best-in-Class for Healthcare SupplyChain Management? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts. The verdict?
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.
A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. Core Competencies in the Procurement Framework Sourcing Involves identifying and evaluating the best suppliers to secure high-quality goods and services.
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.
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 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]
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: Strategic Sourcing: Move beyond transactional purchasing and embrace strategic sourcing.
In case you haven’t picked up on it, which is possible, all three of the above names I shared for 2025 are FI race car champions. Poll Time The following is a poll that was posted in the Global & Purchasing SupplyChain Professionals LinkedIn Group, which has over 164,000 members. Use this link to check out the group.
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 Drivers of Change Global Events : The COVID-19 pandemic , trade wars, and geopolitical tensions forced CFOs to prioritize supplychain resilience and risk management.
EDITOR’S NOTE: Here are three separate third-party sources analyzing the success and impact of implementing the original RAM Agent-based Metaprise model to support the DND’s IT infrastructure. SOURCE #1 Jon W. 2025 RELEVANCE The Department of National Defence (DND) case study involving Jon W. Part 1 of 3).
This blog explores the key considerations for public sector organizations when selecting procurement technology in 2025, reflecting the latest trends and best practices. Procurement technology should support: Sustainable Sourcing : Tools to evaluate suppliers based on their sustainability credentials, carbon footprints, and ethical practices.
EDITOR’S NOTE: The following is based on the 4-Model Agent-based assessment tool that leverages the RAM 1998 to 2025 framework architecture. Below is a ranking from highest to lowest focus on procurement and supplychain practices, as of April 4, 2025, based on their stated missions, agendas, and historical emphasis.
As we near the end of 2024, virtually all industry players are publishing their procurement predictions for their respective 2025 reports. Based on the ChatGPT assessment I would ask you the following three questions: Which perspective on AI and digital transformation in procurement in 2025 is the most insightful and useful?
In the fast-paced world of aviation, delays are often unavoidable but always impactful.The highly anticipated entry-into-service (EIS) of the Airbus A350F,originally slated for 2025,now faces unexpected hurdles. This setback impacts Airbus’s timeline and stakeholders, raising concerns within the aviation industry.
MODEL #2 An agent-based model within a metaprise framework outperforms traditional equation-based intake and orchestration models in procurement because it better addresses the complexity, unpredictability, and multi-stakeholder nature of modern supplychains. Complex, multi-tiered supplychains Superior (e.g.,
The Manufacturing SupplyChain Journey through AI and Automation Manufacturing SupplyChains Explained The manufacturing supplychain comprises all the processes a business uses to turn raw materials and components into final products that are ready to be sold to customers, whether these are consumers or other businesses.
Subscribe to SupplyChain Game Changer. SupplyChain Investment Challenges – Real and Imagined! Intelligent SupplyChain technologies article and permission to publish here provided by Dan Weinberger , UN SupplyChain Expert and CEO of Morpheus Network. Subscribe Here! Email Address.
MCP ensures that previous supplier evaluations, compliance issues, and sustainability scores are factored into ongoing sourcing decisions. Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior.
Sourcing Innovation Launch Date: June 2006 Overview: Authored by Michael Lamoureux, a Computer Science PhD, Sourcing Innovation focuses on procurement technology, strategic sourcing, and supplychain management. AI, e-sourcing), spend analytics, and best practices.
Hansen Procurement strategy, digital transformation, supplier management, sourcing, and ProcureTech evaluation. His work is theoretical, focusing on adaptive systems to predict supplier risks or optimizesourcing. Leinar Ramos Generative AI, AI value realization, and responsible AI deployment across domains.
While both have incredibly impressive credentials regarding AI, besides Pieter’s reference to supplychainoptimization as one of the many areas he has focused on, it would be safe to say that both primarily view the procurement function from a purely outside-in AI perspective. The two webinar presenters are Pieter J.
As supplychains evolve and markets redefine themselves, the importance of a robust intellectual property protection plan becomes crucial. Organizations need to assess the implications of tariffs on their supplychains and implement agile solutions to mitigate risks and optimize operations.
Today Im joined by supplychain software brand Manhattan Associates. Manhattan provide more than just supplychain solutions. Today Mandar Rahatekar, Senior Director of Research and Development at Manhattan, joins me to talk all about the power of unified supplychain planning. Im a mechanical engineer.
We want to work together to solve these transportation and supplychain issues. The pandemic taught us a lot about how fragile long supplychains are, so theres been a move to source closer to the end consumer. 19.05] The biggest opportunities for organizations in 2025, and the future for nearshoring.
Jon Hansen, Procurement Insights (1998 to 2025) Context: DND Implementation and Self-Learning Algorithms DND Background: Hansens DND project (1998-2005) transformed procurement for Canadas Department of National Defence, streamlining purchasing (e.g., supplier vetting patterns) to ensure cleaned data to optimize desired outcomes.
Subscribe to SupplyChain Game Changer. The supplychain management industry has undergone many changes in recent years. The introduction of IoT devices to the supplychain, the rise of edge computing, and its ability to increase connectivity and efficiencies, have changed how businesses operate across industries.
sourcing cosmetics packaging or coffee beans) based on real-time data and outcomes. In contrast, SAPs Joule, an AI copilot in S/4HANA Cloud, uses explicit feedback loops, such as gradient descent for procurement analytics, to optimize tasks like supplier selection and spend management, leveraging structured AI methodologies.
In the fast-paced world of supplychain management, staying ahead of the curve is crucial for success. The YouTube video, “Top SupplyChain trends and Tech Innovations to Watch in 2025,” promises to shed light on the latest developments shaping the industryS future.
Recognized as a trusted and independent source of procurement research, ProcurementIQ offers a comprehensive library of data and analysis on over 1,000 categories. And well be exploring the impact ongoing supplychain and economic disruptions are having on procurement teams, and where they should be focusing for the year ahead.
I picked Chevron to prepare the following assessment based on the company’s interest in my recent LinkedIn post and the corresponding poll in the Purchasing & Global SupplyChain Professionals (PGSCP) group. Chevron Fit: Ideal for ESG compliance and supplier resilience, saving $1M-$5M by optimizing $1B-$3B in supplier spend.
EDITORS NOTE: The following is based on the 4-Model Agent-based assessment tool that leverages the RAM 1998 to 2025 framework architecture. 8 Keelvar 2012 Founded in 2012, a decade of experience in sourcingoptimization. 9 Lytica 2015 Established in 2015, a newer player in supplychain analytics.
The pandemic was a wake-up call for businesses worldwide, who struggled to overcome operational disruption — everything from the transition to remote working, to supplychain chaos. MENA countries import a lot of food; disrupted supplychains and price increases mean potential food shortages. Enter eProcurement.
In the bustling landscape of supplychain innovation, RFID Journal Live!2025 2025 emerges as a beacon of groundbreaking advancements and visionary solutions. Innovative SupplyChain Strategies Showcased at RFID Journal Live!2025 2025 At RFID Journal Live!2025,
RESEARCH TRIANGLE, NC, March 20, 2025 Rittal, one of the world’s leading system providers of electrical enclosures, power distribution, climate control, IT infrastructure, software and services, has confirmed JAGGAER for its procurement processes. Over time, the use of the software was gradually extended to other modules.
His Proprietary Historic Industry Archives include decades of case studies, articles, and insights, such as the Nokia-Ericsson supplychain risk study or his work with the Department of National Defence (DND) on indirect materials procurement. Benefit: Improved sourcing could yield 510% cost savings on annual spend.
Example: A procurement team spends too much time optimizing individual supplier contracts but fails to see that their entire sourcing strategy is inefficient. I had my SupplyChain Specialist buy a seat after we learned more at an ISM conference. Good afternoon, Rod!
“ The Forgotten Three A successful ProcureTech implementation can significantly influence product quality, supplier delivery performance, and full-time equivalents (FTEs) in indirect procurement by enhancing efficiency, visibility, and collaboration across the supplychain. sourcing, PO processing, supplier management).
The investment will accelerate Arkestros ongoing innovation in AI-powered procurement technology, advancing its mission to help enterprises unlock hidden savings, reduce supplychain risk, and drive operational efficiencyempowering procurement teams to focus on strategic, high-impact initiatives. cost savings on every $1M of spend.
Since no direct reference to a learning loopback process exists in Hansens blog, Ill interpret the question through his lens, inferring how self-learning algorithms might fit into his Metaprise model, particularly for procurement challenges like those in cosmetics and coffee under 2025 tariffs. kg savings, and optimize for Colombias $3.20/kg
As supplychains and procurement grow increasingly complex in the face of global challenges, the Executive Advisory Board serves to ensure Arkestro remains strategically positioned and innovative in an evolving market. . billionin revenue.
We are thrilled to partner with this world-class company to maximize this value across its international supplychains.” ” Arkestro’s Predictive Procurement Platform uses AI, behavioral science and game theory to accelerate sourcing cycles, enhance supplier collaboration, and drive an average of 18.8%
As 2025 approaches, its time to look back at what worked well and how we can build on those successes for the year ahead. Want to stay ahead in 2025? Companies doubled down on sourcing responsibly, reducing waste, and ensuring their supplychains supported broader environmental goals.
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