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5 Procurement Industry Trends to Watch in 2025

Arkestro

Procurement teams are already using AI-powered tools to analyze vast amounts of data to identify patterns, predict trends, and recommend actions. By automating routine work, procurement professionals can focus on high-impact tasks like strategic sourcing and relationship building with key suppliers. trillion , a 9.3%

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Intake & Orchestration in Procurement – Cutting Through the Jargon

Jaggaer

These could be service requests, inquiries, demand planning, or purchase needs. Intake & orchestration has become a hot topic due to both demand pull and technological push factors. On the demand side, there is pressure to do more with less.

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Leveraging Lean Procurement

Una

Lean procurement teams pick their goals and targets with care when building their lean procurement strategies , focusing on achievable and high-impact activities such as tackling tail spend. . Tips for leveraging lean procurement. For many organizations, “lean” simply means reducing the costs involved in procurement.

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4 Predictions on Procurement’s Top Trends in 2023

Arkestro

Eager to reduce administrative busywork, procurement teams are treating the permacrisis as an opportunity to make long-sought changes along a digital journey. Procurement has had massive challenges and targets over the past year: Managing inflation. scenario-driven demand plans. should-be cost models.

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Technology Trends in Procurement

Una

Ivalua/Hackett’s 2022 Procurement Insights and Key Issues report found that laggards are being held back by concerns including fear of failure, access to suppliers, legacy system costs, and teams lacking the skills to leverage digital transformation. Take B2B services purchasing as an example. IoT proliferation. Self-service.

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Talent Spotlight: Andrew F. Smith

Procurement Heads

From there he moved to Avis Budget Group, where he established a global procurement and supply chain function before becoming General Manager/Managing Director for Avis Budget’s car rental and mobility businesses in Denmark and Sweden, from where he has just returned. How are these skills useful and applied in wider roles?

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Talent Spotlight: Andrew F. Smith

Procurement Heads

From there he moved to Avis Budget Group, where he established a global procurement and supply chain function before becoming General Manager/Managing Director for Avis Budget’s car rental and mobility businesses in Denmark and Sweden, from where he has just returned. How are these skills useful and applied in wider roles?