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3 Procure-to-Pay Trends Shaping 2024

Pipefy

The global source-to-pay and procure-to-pay outsourcing market is expanding rapidly with the market expected to reach $55.8 billion by 2028. To do so, procure-to-pay trends point to an increased focus on three key areas: technology, collaboration, and sourcing. Below is a rundown of the three procure-to-pay trends shaping 2024.

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Renewable energy trends and developments powering a cleaner future

IBM Supply Chain Blog

The agency predicts that by 2025, renewable energy will surpass coal to become the world’s top source of electricity. And by 2028, 68 countries will boast renewables as their main source of power. The expansion of the solar PV supply chain is enabling the manufacturing necessary to meet the demands of the growing industry.

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Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know

ivalua

Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).

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2020 Challenges and Solutions for HVAC Distributors

EazyStock

The HVAC industry is already highly competitive and is predicted to grow 13% through 2028. What an inventory optimization tool like EazyStock will do is assign seasonal profiles to SKUs based on their demand history. Managing a vast number of SKUs across the entire supply chain is no mean feat.

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5G use cases that are transforming the world

IBM Supply Chain Blog

According to Statista, more than 200 million homes and businesses have already purchased it with that number expected to at least double by 2028 (link resides outside ibm.com). Smart factories 5G, along with AI and ML, is poised to help factories become not only smarter but more automated, efficient and resilient.

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Smart warehousing solutions and what they could mean for your business

Strategic Sourceror

As suppliers increasingly look for ways to overcome operational challenges in their warehouses, some are beginning to leverage smart warehouse technology like automation and artificial intelligence to improve the productivity of their warehouse associates and enhance their processing efficiencies. Brought to you by the StrategicSourceror.

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Breaking down the advantages and disadvantages of artificial intelligence

IBM Supply Chain Blog

For optimal performance, AI models should receive data from a diverse datasets (e.g., Control and transparency: Traditional programming offers developers full control over the logic and behavior of software, allowing for precise customization and predictable, consistent outcomes.

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