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Procurement transformation 2025: Why invest in procuretech and how to make the case – SAP

Spend Matters

By integrating these technologies, organizations unlock efficiencies, enhance decision making and create more agile, connected supply chains, ultimately boosting their ROI. Consult TechMatch our tech selection tool that helps procurement and finance technology buyers quickly explore the market and identify best-fit solutions.

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AI in procurement: How different industries are harnessing its power

Spend Matters

In this article we will highlight some of the key changes AI has made to procurement strategies in the following industries: manufacturing and industrials, life sciences and healthcare, and the public sector. The resulting standardization of procurement practices ensures a clear digital strategy and helps secure executive buy-in.

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How to get the C-Suite to see procurement as a strategic lever versus a cost-savings function

Procurement Insights

I have noted that many LinkedIn posts regularly mention the belief that the C-Suite continues to see procurement primarily, if not solely, as a cost-savings function. This broader agenda suggests that while cost savings remain important, procurement’s role has expanded to include value creation and strategic partnership.”

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Why is an agent-based model within a metaprise framework better for procurement than an equation-based Intake and orchestration model?

Procurement Insights

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 supply chains. Complex, multi-tiered supply chains Superior (e.g.,

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Procurement Speakers 2022 – 10 Most Popular Experts

Procurement Tactics

10 Popular Procurement Experts Today. Sebastian Chua started his procurement journey with Hewlett Packard/Agilent Technologies as their country manager for Singapore, India, Thailand, and the Philippines before he took on the job as the regional procurement manager. . Sebastian Chua. Trillion budget. . Rajeev Karmacharya.

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Wake Up AP, Before it’s Too Late! E-invoicing Mandate | France 2024

ivalua

E-invoicing Mandate | France 2024 March 27, 2023 | | Procurement Strategy by Steve Carter The biggest change to Accounts Payables since the introduction of double entry journals is about to hit finance departments–but are they prepared? Read More : Under Pressure, Will Procurement Take Performance Higher in 2023?

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9 Innovative Purchasing Concepts

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How to Market Procurement’s Value Beyond Cost Savings The Importance of Looking Beyond Cost Savings in Procurement Procurement Automation: 5 Tasks You Should be Automating Employ lean procurement principles For some organizations, getting Lean in procurement simply involves doing things faster.