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Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.
This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk management, and deeper integration across the supplychain. What Is Procurement Technology?
ERP vs. Best-in-Class for Healthcare SupplyChain Management? Are ERP systems better than best-in-class supplychainsolutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts.
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.
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?
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. Technology Adoption in Early Stages : Adoption of procurement software was growing but not yet widespread, with many organizations relying on manual or semi-automated processes.
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).
.” Ask Chat GPT 4 simple questions, and then tell me why maps and quadrants and solution provider logos matter: What were the top 10 procuretech solutions in 1995, 2005, 2015, and 2025? Now, tell me how maps, quadrants, and solution provider logos matter. The high generational implementation failure rate.
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.
Sustainable SupplyChain Consulting — The Ultimate Guide. Sustainable supplychain consulting firms are hired by many big businesses to help them with their goals. In this article, we will discuss what sustainable supplychain consulting firms are. What is Sustainability in SupplyChain?
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.
Today Im joined by supplychainsoftware brand Manhattan Associates. Manhattan provide more than just supplychainsolutions. Today Mandar Rahatekar, Senior Director of Research and Development at Manhattan, joins me to talk all about the power of unified supplychain planning.
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.
Modern Spend Management and Accounts Payable software. Tools like PLANERGY enhance supplychain resilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers. Efficient supplychains play a major role in keeping schools running smoothly. What's PLANERGY?
Hansen was publicly referencing and implementing AI concepts in the late 1990s , notably through advanced self-learning algorithms in procurement and supplychain applications. Missed early adopters : Companies experimenting with AI in sourcing, risk sensing, and taxonomy (like Novartis or early public sector pilots) were overlooked.
Sourcing Innovation (launched 2006) notes their prevalence. 2007 97% Slight decline as early cloud solutions emerged, but spreadsheets dominated due to familiarity and cost. Strategic Sourceror (2008) cites spreadsheets for sourcing analytics. McKinsey: 73% of supplychain executives used basic tools, suggesting slight decline.
EDITORS NOTE: The following is based on the 4-Model Agent-based assessment tool that leverages the RAM 1998 to 2025 framework architecture. 3 GEP 1999 Established in 1999, a pioneer in procurement software with 25+ years. 4 Zycus 1998 Founded in 1998, a veteran in cognitive procurement solutions.
Hansen was publicly referencing and implementing AI concepts in the late 1990s , notably through advanced self-learning algorithms in procurement and supplychain applications. Missed early adopters : Companies experimenting with AI in sourcing, risk sensing, and taxonomy (like Novartis or early public sector pilots) were overlooked.
According to the data, a key trend in the SupplyChain Management Software market in Saudi Arabia is the increasing adoption of cloud-based solutions, which offer scalability, flexibility, and cost-effectiveness. About JAGGAER: Procurements intelligent source-to-pay and supplier collaboration platform.
Additionally, its diverse goods and services range from textiles, whisky, shortbread, buses, computer software, ships, avionics, microelectronics, banking, insurance, and investment. Moreover, it modernizes its private and public supplychain and procurement process. CERTIFICATE COURSES Related courses about this subject 1.
Subscribe to SupplyChain Game Changer. What SupplyChain Management problem does this solve? The biggest problem in the transitional supplychain is lack of open and trustworthy information availability across the supplychain caused by multiple issues – trust, technology and legacy practices being the top ones.
Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in SupplyChain, Procurement or New Product Introduction/Development, this is a must read. Sustainability. Think of the brand Tom’s shoes. Globalization.
Modern Spend Management and Accounts Payable software. Download Free Copy Reshoring vs Nearshoring: Key Differences and Business Benefits Category Inventory Written by Lyle Del Vecchio 16 min read Tags Procurement SupplyChain Management Last edited March 12, 2025 Download PDF IN THIS ARTICLE What is Reshoring?
By Eric Edwards | April 11, 2023 Search In the world of business software applications, few are bigger and more expansive than enterprise resource planning applications, also known as “ERP” systems. billion by 2025. This includes costs for hardware, software, and personnel to maintain the system. billion in 2020) Oracle ($40.48
Considering the above, the following high-level comparison between ConvergentIS and SAP Ariba demonstrates how the agent-based model will be the dominant force that drives procurement and supplychain automation in 2025 and beyond. Target Audience: Organizations using SAP looking for customized, user-friendly solutions.
Subscribe to SupplyChain Game Changer. Litecoin is a peer-to-peer currency with open-sourcesoftware. But the thing is, transmissions of the coins take place with open-source encryption. But the thing is, transmissions of the coins take place with open-source encryption. Subscribe Here! Email Address.
The company likely has multiple facilities, a global supplychain, and sustainability priorities (e.g., Savings Potential: 5-10% via automation and strategic sourcing. million) Spend Estimate: ~$440 million (20% of indirect spend), for software, hardware, and telecom. ingredients). eco-friendly packaging).
Example: During the 2025 China tariff retaliation, agents rerouted $700M in coffee imports to Latin American suppliers, limiting cost hikes to 57%. Agility in Volatility: Real-time adjustments to demand spikes, supply shortages, or ESG regulations ensure continuity. There is more to e-procurement than software!
Hansen was publicly referencing and implementing AI concepts in the late 1990s , notably through “advanced self-learning algorithms” in procurement and supplychain applications. Success Rates: Success was tied to ERP and e-sourcing rollouts, not AI. By May 2017, it had risen to No. In summary: Jon W.
Subscribe to SupplyChain Game Changer. What is the Digital SupplyChain? BILLION by 2025. Source: DHL eCommerce Americas, City Freight 2019. Subscribe Here! Email Address. Article originally published by, and permission to publish here provided by, Raanan Cohen at bringg.com. Project 44.
Modern Spend Management and Accounts Payable software. Download Free Copy Ultimate Guide to Procurement in Education: Tips for Schools & Academies Category Spend Management Written by Keith Murphy 16 min read Tags Education Procurement Last edited February 24, 2025 Download PDF IN THIS ARTICLE What is Procurement in Education?
With a perfect storm of factors in play—ranging from shifting consumer habits and economic pressures to supplychain hiccups—this season will be anything but predictable. Chad Rubin, CEO & Founder, Profasee We must talk supplychain—disruptions are guaranteed. They want to ensure they’re getting the best deal.
Today I’m joined by innovative software brand, Relish. With an understanding of enterprise software gaps and challenges, Relish is obsessed with building a scalable solution to remedy them, to simplify the complex and bridge those gaps. 43.44] The future for Relish and SAP, and for the industry, as we look towards 2025.
The preliminary run uses the RAM 4-Model Assessment tool to access the Procurement Insights proprietary archives and many cross-reference sources using my AI for AI platform. Integrations and Ecosystem 130+ Integrations: Seamlessly connects with major enterprise systems, data brokers, and compliance databases for a unified source of truth.
Subscribe to SupplyChain Game Changer. Food Waste and World Hunger – The Food SupplyChain is Broken! Deutsche Bank estimates that the $24 billion online grocery market will surge to 120$ billion by 2025. Subscribe Here! Email Address. It’s never been easier for food companies to reach their customers.
Modern Spend Management and Accounts Payable software. Schools thrive when predictable and reliable supplychains foster a stable learning environment. Cloud-based management software also enables schools to access supplier information round the clock in real-time, ensuring faster resolutions during emergencies.
In the light of rapid technological change, respondents to the Hackett survey also named Transform the Operational Model as the third priority for procurement in 2025, with Digital Transformation and Digital Landscape ranked fifth. This holds true at all levels within the procurement function, and across every process step from source to pay.
So, here is my question: Do you see the parallel between the video on integration from more than a decade ago and the integration of AI-based solutions, which is likely to increase significantly with the AI Bubble bursts in 2025? Source: Wikipedia Step right up ladies and gentleman as I dazzle you with the amazing wonder tool!
But what is a cognitive supplychain model and where does it fit into all this? Simply, a cognitive supplychain model utilizes machine learning, which is a type of artificial intelligence that has been merged with advanced analytics. How Cognitive Learning is Applied to SupplyChain Processes.
Merlin is an AI-driven platform that automates tasks, generates insights, and supports decision-making by enhancing procurement and sourcing processes. The focus is on leveraging GenAI to improve decision-making, streamline sourcing processes, and reduce manual effort in procurement. Zycus introduced Merlin AI Suite in 2019.
. “AI is an unbelievable opportunity to address some of the world’s most pressing challenges in health care, manufacturing, climate change and more,” said Christina Shim, IBM’s global head of Sustainability Software and an AI Ethics Board member. In our 2023 Impact Report , we reported that 70.6%
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