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Automates bidding processes and cost optimization. They showcase a massive library of Agentic AI for various functions of supplychain including procurement, warehousing, logistics and end to endsupplychain management. Provides end-to-endsupplychainvisibility and real-time insights.
Opportunities for Procurement Technology As we look toward 2025, European businesses are reshaping their supplychains to navigate an increasingly complex global landscape. A recent report by Maersk and Reuters Events highlights that 68% of companies are making supplychainvisibility and monitoring solutions a top priority.
It enables: Building stronger relationships with your key suppliers Competitive bidding, which optimises cost Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability Performing the appropriate pre-qualification of suppliers. Improvements to end-to-endsupplychain efficiency.
Competitive bidding, which optimises cost. Improvements to end-to-endsupplychain efficiency. Some of the more advanced procurement software offering source-to-pay functionality can also provide: Reverse auction capability, with complex functionality for bid and proposal evaluation criteria.
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