Remove Buyers Remove Change management Remove Supply chain resilience
article thumbnail

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

Spend Matters

Customer requirements on more sustainable products/services, and/or requests for supply chain transparency/due diligence. Consult TechMatch our tech selection tool that helps procurement and finance technology buyers quickly explore the market and identify best-fit solutions.

article thumbnail

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Adding on a point solution to improve adoption is like putting a bandaid on the problem, but doesnt’ fix the root cause.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

From Compliance to Innovation: Redefining Public Procurement in 2025

Future Purchasing

Furthermore, sustainability goals must be balanced with the need for cost-savings, supply chain resilience and meeting industrial strategy objectives. Sustainability: The Act makes it easier for government buyers to make sustainable procurement decisions.

article thumbnail

The Hitchhiker’s Guide to Digital Procurement!

Supply Chain Game Changer

Sometimes, digitalization requires change management, process shifts, and organizational restructuring. Adopting solutions that enhance risk management, transparency, visibility & compliance is more important now than ever before. One of the best ways to support supply chain resilience is to ensure that you’re preemptive.

article thumbnail

Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests. The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Buyer/Purchasing Agent - Executes purchase orders and transactions.

article thumbnail

Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

Moreover, traditional procurement models can be slow and bureaucratic, lacking the flexibility to adapt to changing business needs and market conditions. They can also create adversarial relationships between buyers and suppliers, as they often involve tough negotiations and a focus on short-term gains rather than long-term collaboration.