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In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys.
Unlike direct procurement, indirect procurement typically includes categories such as software, marketing services, or travel and is often decentralized, reactive, and difficult to track. Indirect procurement refers to the sourcing of goods and services that support day-to-day operations but aren’t directly tied to production.
As the procurement industry and supplychains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supplychain management in the coming year.
Choosing the best source for procurement and supplychain information and practical guidance depends on your organization’s needs, the type of advice you seek, and the stage of your procurement transformation. Transparent and detailed solution evaluations, especially for comparing software providers.
Checking these details early means you won’t face unexpected losses, fraud, or interruptions in your supplychain later on. This means looking at their production facilities, supplychain, quality control processes, and delivery schedules. This safeguard keeps your company secure and operational.
In the hyper-connected global economy of the present day, supplychains traverse continents, cultures, and myriad communication barriers. Having access to an audio translator can be the difference between quick resolution of issues and ballooning interruptions throughout the supplychain.
How Private Equity Shapes Modern SupplyChains Money from private equity doesnt just change ownership. Picture a logistics firm suddenly equipped with cutting-edge software that tracks shipments in real time, often thanks to fresh investment. Sometimes these overlap or even contradict each other.
Modern Spend Management and Accounts Payable software. Tools like PLANERGY enhance supplychainresilience by providing real-time tracking, data-driven insights, and streamlined communication with suppliers. Efficient supplychains play a major role in keeping schools running smoothly. What's PLANERGY?
ERP vs. Best-in-Class for Healthcare SupplyChain Management? Are ERP systems better than best-in-class supplychainsolutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts.
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Supplier Collaboration Software — What You Should Know The use of supplier collaboration software continues to rise as businesses grow and technology advances. However, what is it?
Subscribe to SupplyChain Game Changer. Defining the New Normal in SupplyChain! Resilience article and permission to publish here provided by Sam White at Argentus. As everyone in SupplyChain Management knows today, the field has come a long way. Subscribe Here! Email Address. Get Our EBOOK HERE.
Here’s how Onventis describes itself: “We are pioneers in cloud-based solutions, transforming purchasing and finance processes since 2000. Our flagship product, Onventis Buyer cloud software, stands as a comprehensive procurement system designed to empower organizations across all aspects of procurement.
The appetite for third-party risk management (TPRM) within procurement and the supplychain is keener than ever before — risks are more numerous and complex in what is an increasingly fast-paced and global business environment. Read our analysis: Risk is complex — The different types and sources of risk.)
Supplychain managers and inventory management professionals face a constant barrage of supplychain crises, with one always waiting around the corner. With every crisis comes the potential for supplychain disruption that can cause chaos for stock-holding businesses. Global supplychains.
Over 90% of business buyers say a company’s customer experience is as important as what it sells. To avoid this, it’s crucial for businesses to carefully plan and design intelligent automation initiatives that prioritize the needs and preferences of their customers, whether they are consumers or B2B buyers.
Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests. Key technologies changing the game in procurement include: E-Procurement Systems E-procurement software provides a centralized platform to manage the entire procurement process online. Maintains relationships with suppliers.
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