Remove Buyers Remove Supply chain resilience Remove supply chain software solutions
article thumbnail

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

Spend Matters

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.

article thumbnail

Indirect Procurement: Why It Gets Mismanaged and How to Fix It

ivalua

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.

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

5 Procurement Industry Trends to Watch in 2025

Arkestro

As the procurement industry and supply chains 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 supply chain management in the coming year.

article thumbnail

ChatGPT Assesses McKinsey, Gartner, Busch, Hansen, and Barner

Procurement Insights

Choosing the best source for procurement and supply chain 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.

article thumbnail

A guide to vendor due diligence: Process, policy, software & checklist

TYA Suite

Checking these details early means you won’t face unexpected losses, fraud, or interruptions in your supply chain later on. This means looking at their production facilities, supply chain, quality control processes, and delivery schedules. This safeguard keeps your company secure and operational.

article thumbnail

The Impact of Audio Translation in Cross-Border Supply Chain Crisis Management

SCMDOJO

In the hyper-connected global economy of the present day, supply chains 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 supply chain.

article thumbnail

Private Equity’s Impact on Supply Chain Innovation and M&A: Legal Risks & Insights

SCMDOJO

How Private Equity Shapes Modern Supply Chains 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.