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Technology Trends in Procurement

Una

Ivalua/Hackett’s 2022 Procurement Insights and Key Issues report found that laggards are being held back by concerns including fear of failure, access to suppliers, legacy system costs, and teams lacking the skills to leverage digital transformation. This number is expected to swell to over 25 billion connected devices by 2030.

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Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity

Supply Chain Trend

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software.

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The Future of Analytics in Integrated Business Planning

Supply Chain Trend

The business objective can be to maximize an asset, maximize throughput or minimize capital use and cost. In combination with Integrated Business Planning to provide visibility and manage change in model assumptions and constraints, this creates a powerful and holistic scenario and decision making capability for executives.

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4 Key Trends Reshaping Manufacturing Procurement in 2024

Arkestro

According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor markets, and rising costs. Take a look at how procurement teams will meet ESG goals in 2024: Technology and supplier intelligence. Improve cost savings. Sustainable bidding.