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Ongoing training is important for procurement teams to keep up with the constantly evolving and advancing procurement tech and services landscape, specifically in niche areas such as category management, supplier management, negotiation and strategic sourcing and in the broader areas of changemanagement and leadership.
Procurement has evolved from a back-office function to a strategic driver of innovation and value. Changemanagement isnt a sidekick in this story; its the star of the show. Digitalization involves applying digital technologies to improve existing processes, like implementing e-procurement systems.
As weve said: People, Process and Technology are the pillars of procurement transformation. So a large part of accelerating your procurement transformation process lies in strengthening roles and responsibilities. In procurement, these MVPs are the professionals driving smarter and more sustainable purchasing decisions.
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.
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.
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. 2- and 3-way matching).
As many procurement professionals have discovered, transforming your processes to meet todays challenges in an effective manner is not as simple as writing a new mission statement. The success of the Procurement team at Utz Brands, Inc. , The success of the Procurement team at Utz Brands, Inc. ,
Mastering ChangeManagement in ProcurementChangemanagement in procurement is an integral part of any sourcing manager’s job. Here are three steps to overcome resistance to change. Changemanagement is an integral part of any strategic procurementmanager’s job.
We recommend leveraging these workstreams, based on Gartner’s 4 Workstreams for Successful Implementation of Any Procurement Application to maximize the impact of your next large-scale procurement implementation: 1. The PM will work closely with the implementation partner to ensure clear understanding of responsibilities and ownership.
Why stakeholder management matters in procurement digital transformation Stakeholder management is the foundation of any successful procurement digital transformation initiative. largely control procurements level of influence. However, the reality is that stakeholders, including budget owners, business units, etc.,
Implementing a procurement digital transformation, whether digitalizing tools or processes, often turns out to be a much more complex task than anticipated. Yet this step is essential in order to clearly outline the project scope, target the right processes and the IT system architecture, and adopt the proper changemanagement strategy.
A well-structured digital roadmap turns procurement digital transformation from a series of disconnected initiatives into a strategic enabler. This article explores how organizations can structure their roadmap in phases, integrate changemanagement using ADKAR principles and ensure long-term adaptability.
Going all the way back to the philosopher Heraclitus, the only constant has been change, a fact that has only intensified in recent years with global events and technological innovations. We look at How to work through change: the importance of changemanagement. This content is for members only.
Spend Matters has been speaking with procurement practitioners and solution providers to get a wide view of how procurement and digital transformation is happening in the real world. We wanted to ask her what she has witnessed as the main motivator for procurement transformation. Her first piece of advice would be: Dont.
Yet within many procurement functions, a fundamental question persists: Are we truly prepared to lead in this AI-powered future? As businesses evolve and expect more strategic value from procurement, the function must also evolve, not only in its tools and technology but also in its mindset and strategic role.
Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supply chain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. A full 84% of procurement leaders agree that dealing with supply chain disruptions has been their biggest career challenge to-date.
As life sciences companies progress rapidly through drug development and commercialization, the need for an adaptive procurement function becomes critical to managing suppliers, costs and risks.
We continue our Procurement Transformation Guide with a look at the limits of how tech can help procurement. Chances are that if you are in the market for a shiny new piece of procurement tech, you are already on board for the change it will bring and the necessary steps involved in its implementation.
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Kotter’s Theory — Embracing Sustainability in Procurement Kotter’s theory of change helps companies to introduce change in the business. Then try our Sustainable Procurement Course !
Procurement is often an overlooked area within organizations, working behind the scenes to ensure businesses have the goods and services they need to operate at their best. Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities.
Modern procurement needs have far surpassed transaction management; procurement is now a critical component in driving strategic value across businesses and AI has become a key tool in procurement teams back pockets. In short, AI is making manufacturing procurement faster, smarter and more resilient than ever.
The post From Blocks to Bites: A Cheese-Inspired Approach to ChangeManagement appeared first on Art of Procurement. Bear with me for a moment… Close your eyes and imagine someone handing you a large block of your favorite.
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Your Ultimate Guide To Launching A Digitized Procurement Startup One of the biggest advantages of digitization in the procurement industry is that it allows you to use data analysis to make informed decisions.
In a world increasingly driven by the rapid developments within Artificial Intelligence (AI), procurement has the potential for enormous leverage using cutting-edge technology to become a powerhouse for generating efficiency, expanding margins, reducing risk and delivering solutions which the human mind is unable to see.
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Sustainable Transformation — Embracing Sustainable Procurement Sustainable transformation is needed to adapt and survive the new wave of challenges in the procurement process.
An interview with Andrea Sala, Procurement Project Manager at the Franke Group Founded in 1911, Franke is a privately owned company within the Artemis Group and a leading global manufacturer and provider of solutions and equipment for domestic kitchens as well as for the professional foodservice sector and coffee making.
EDITOR’S NOTE: The following is my comment regarding Andrea Sala’s LinkedIn post , in which she wrote, “Changemanagement when implementing a Procurement platform from a very personal perspective. You are already in trouble if you need tips and tricks when implementing a procurement transformation solution!
Digital procurement tools offer both immediate benefits and long-term returns. These small but impactful changes set the stage for sustained cost savings and strategic decision-making. Below are ten areas where digital procurement can deliver almost immediate improvements. Sales have had reliable data ever since they had a CRM.
QUESTION 1 What are the odds of a Procuretech selection and implementation initiative succeeding when there is good communication between procurement, IT, and finance, and when said communication and collaboration are lacking? I will expand to include the other two models over the coming days and report back.
Axbility Consulting, a subsidiary of Ivalua European partner Axys Consultants, reinforces Ivalua’s capabilities to empower today’s Procurement & Supply Chain Leaders. Ivalua and Axbility Consulting are both committed to helping companies create value through successful procurement transformation. www.axys-consultants.com.
Coupa, Jaggaer, Ariba) is a critical factor in procurement success or failure, given their overlapping goalsstreamlining processes, integrating data, and optimizing spend. Historical flopslike Queensland Healths 2010 SAP payroll debacleshow ERP failures poisoning procurement downstream (vendor payments broke). By 2025, cloud ERPs (e.g.,
So it’s no surprise that the future of manufacturing now lies in a technology that combines all of those high-end innovations: Predictive Procurement. What Is Predictive Procurement and How Is It Reshaping High-Tech Manufacturing? Predictive Procurement is the latest evolution in digital procurement processes.
ChangeManagement Tips for Procurement Professionals Practical changemanagement tips for overcoming resistance from stakeholders and getting your procurementchanges to stick for good. Unfortunately, implementing changes in procurement can be a bit like that.
We continue our Procurement Transformation Guide with a look at implementing an accounts payable (AP) digital transformation. Improve PO and invoice matching: Strengthen procurement integration to reduce mismatches and disputes. It changes how teams work together across finance, procurement and IT.
THE SHORT ANSWER Procurement Insights is not a replacement for analyst firms its a complementary and sometimes disruptive mirror , helping enterprise buyers and tech vendors see past sanitized reports into what actually matters to practitioners. THE LONG ANSWER MODEL 1 Procurement Insights , founded and led by Jon W.
As you will read in the corresponding Forbes article he shared, we are finally reaching the point that recognizes why concepts like changemanagement, vendor rationalization, and maverick spend are largely self-inflicted challenges. – [link] What do you think about changemanagement? .
Efficiency and cost cutting are everything in procurement, and when you implement changes to improve these, it’s inevitable that you’re going to cause some disruption. To keep the project on course and transition smoothly, you need a solid changemanagement programme. That’s something that will never change.
Over 50% of organizations have automated their procurement processes, with around 35% using AI in procurement — an impressive increase from 29% in 2020. This evolution enables procurement teams to make superior decisions, initiate more events and cover broader ground without additional resources.
Like it or not, Procurement and Supply teams are in the midst of a digital revolution that looks set only to advance. So whats the challenge for Procurement, and why is it tougher for Procurement than many other functions (like HR or Finance) to make tech work for them? Procurement has many moving parts.
“Yes, change is hard to manage and process at any level which is why I always recommend that you give. The post [Pod] An Expert’s Guide to ProcurementChangeManagement appeared first on Art of Procurement.
Indirect Procurement Quick Reference Guide. Highlighting indirect procurement, why it’s important, how to bring it under control, and common mistakes to avoid. . Quick Guide to Indirect Procurement. Wondering what people mean when they talk about “indirect procurement” but too embarrassed to ask?
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