article thumbnail

More Than 25 Years Later – How Good Things Come To Those Who Never Give Up (And Rock A Few Boat Along The Way)

Procurement Insights

Top 10: Procurement Orchestration Platforms | Procurement Magazine This addresses the critical business challenge of data silos and fragmented decision-making that enterprises face. Identifying these hidden connections allows for a collective influence on desired outcomes, enhancing strategic planning and operational efficiency.

article thumbnail

The digital front door for procurement leaders in the age of AI

Spend Matters

Yet, despite the enthusiasm for AI integration, challenges remain only 14% of procurement leaders express confidence in their talents ability to meet the future needs of the function, according to The Gartner Generative AI 2024 Planning Survey discussed in Procurement Magazine.

professionals

Sign Up for our Newsletter

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

article thumbnail

5 Things the Training 2025 Conference Taught Me About the Future of Learning & Development

Shapiro Negotiations Institute

I just got back from Training Magazine’s Training 2025 Conference and Expo. Networking and Collaboration Finally, I left the conference extremely excited about the people I met between sessions. And truth be told, it was worth every second. The best part?

article thumbnail

The Overlooked Three Benefits Of ProcureTech Success In The Cosemetics Industry

Procurement Insights

“ The Forgotten Three A successful ProcureTech implementation can significantly influence product quality, supplier delivery performance, and full-time equivalents (FTEs) in indirect procurement by enhancing efficiency, visibility, and collaboration across the supply chain. on-time delivery rates). Ivaluas analytics).

article thumbnail

How Practitioner Clients Can Avoid The Pitfalls Of A ProcureTech Acquisition

Procurement Insights

However, by thinning out the herd, practitioners and providers can build success through better communication and collaboration and the widespread adoption of the agent-based implementation model. The 2025 sifting event will be challenging, reducing the number of providers by 75%. resource constraints deter taking all risky clients).

Risk 52
article thumbnail

How does the Hansen Fit Score and more specifically the Metaprise, Agent-based, Strand Commonality models position both procurement practitioners and ProcureTech solution providers to effectively respond to procurement demands in the polycrisis era?

Procurement Insights

Metaprise Model In Practice : Hansen advocates for treating procurement not as a siloed department but as a collaborative “enterprise web” that spans multiple interconnected nodes (finance, ESG, logistics, compliance). Agent-based Model In Practice : Hansen emphasizes distributed decision-making by empowered nodes (people, bots, policies).

article thumbnail

What percentage of ProcureTech solution provider marketing and salespeople are truly knowledgeable about the procurement industry’s real challenges and understand the difference between solution selling and fear selling?

Procurement Insights

Sales and Marketing Knowledge: High-Performing Providers: Established providers like Coupa, SAP Ariba, and Tealbook employ specialists with deep procurement knowledge, as their marketing emphasizes ROI (1525% cost savings, Procurement Magazine 2024) and tailored solutions (e.g., Scoutbees supplier discovery for Siemens).