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New Year Insights for the procurement solutions and services marketplace 2024: Supplyframe

Spend Matters

From planning a product, design and simulation, to optimizing a specific process across the supply chain, customer expectations for AI integration continue to evolve as new applications for supply chain automation are discovered.

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New Year Insights for the procurement solutions and services marketplace 2024: INVERTO

Spend Matters

Amid lower growth forecasts and higher interest rates, companies continue to grapple with the challenge of swiftly optimizing working capital. Resilience In light of increased geopolitical uncertainty and extreme weather events, the focus on strengthening supply chains against disruptions will remain.

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The top capabilities of E-Procurement solutions

Spend Matters

What does an E-Procurement solution do? E-procurement solutions use an electronic interface to automate, guide and approve the purchase and reception of products and services. Expert analysts deeply vet solution capabilities prior to ranking inclusion. To learn more about the Spend Matters methodology, click here.

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New Year Insights for the procurement solutions and services marketplace 2024: Simfoni

Spend Matters

As costs continue to spiral upwards and supply chain disruptions become the new norm, procurement leaders must grapple with the dual responsibility of achieving cost savings while considering broader strategic initiatives, such as risk management, sustainability and nurturing vital supplier relationships.

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New Year Insights for the procurement solutions and services marketplace 2024: Amazon Business

Spend Matters

Already, the vast majority of procurement functions have mandates in place for certain kinds of certified purchasing, including half with sustainability mandates, but in 2024 those mandates will become commonplace and top priorities for procurement teams around the globe.

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New Year Insights for the procurement solutions and services marketplace 2024: Coupa

Spend Matters

This will result in the increased deployment of business platforms to improve efficiency and reduce cost and third-party risk while increasing agility and optimizing financial health across spend, payments and working capital. using supply chain digital twins to optimize supply chain networks for carbon takeout).

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New Year Insights for the procurement solutions and services marketplace 2024: GEP

Spend Matters

AI can help create greater efficiency and value across all source-to-pay processes, including spend analysis, opportunity identification, sourcing and contract management, category management, supply relationship management and risk management. And the maximum value can be extracted from these new tools through strategic integration.