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Procurement Technology: 6 Solutions You Should Know In 2024

Pipefy

That’s where procurement, sourcing, and purchasing technology comes in. Learn about six solutions that can be applied in 2024, why you should apply them, and how to get started. Finally, procurement teams are responsible for anticipating and responding to disruptions in the supply chain and their own process.

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Strategic Procurement: What Is Is and Why It’s Essential for Business Resilience 

Pipefy

The result is greater supply chain predictability, more accurate decision-making, and better business agility. However, the successful execution of a strategic procurement process can streamline and even simplify decisions for operational purchases required for businesses. What is strategic procurement?

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Automated Invoice Processing: Definition & Steps to Improve Invoice Management

Pipefy

Invoices provide procurement teams the ability to leverage information from past purchases to better inform future purchases. Automated invoice processing simplifies end-to-end invoice processing activities by eliminating the time and costs associated with manually processing invoices.

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The AI Advantage: Unlocking New Value for Procurement Teams

World of Procurement blog

Some of the key capabilities and use cases for AI in procurement include: Automating repetitive and routine tasks : AI can take over low-value tasks like invoice processing, purchase order creation, expense report auditing, and other administrative workflows. This frees up procurement professionals to focus on high-value strategic activities.

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The 10 Hottest German Procurement Startups

Procurement Software

If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. End-to-end encryption provides a uniquely secure way to sign and store contracts, eliminating the need for dedicated servers and VPN connections.

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Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity

Supply Chain Trend

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software. Key Points.

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What’s Next for Digital Procurement?

Jaggaer

This does not necessarily mean “hands-on” knowledge of software development, as the software applications are now available in secure multi-tenant cloud-based solutions. They should also extend this digitalization to supply chain management (supplier portal, webEDI, etc.) 4) The “Day of Digitalization”.