SIGNALS Issue #22 | November 14, 2024
☕🍂 Welcome to the first November edition of SIGNALS.
As 2025 rapidly approaches, digital procurement leaders are focused on strategic roadmaps, cost control considerations, and the evolving role of Gen AI. What is next for digital procurement teams as organisations continue to embrace technology and transformation?
⚡ Discover best practices in supplier management during the ProcureTech x Candex webinar taking place next week on November 20th.
⚡GenAI is driving an evolution in the supplier lifecycle. Join the ProcureTech x Certa webinar to hear from leaders on the impact of this transformation on December 11th.
⚡ProcureTech 2025 PREDICTIONS returns on December 18th where we'll hear predictions from Founders and CEOs of the ProcureTech100. Join the discussion!
⚡ Learn about Vertice's approach to SaaS management and how their CEO creates "tombstone" desk toys to celebrate success.
✨ For more inspiration:
Discover the pioneering finance solutions in the 2024 ProcureTech100, and additional trends in procurement and finance here.
Review the deep-dive on Source-to-Pay solutions and the leaders in this highly competitive category of the 2024 ProcureTech100.
Read on for insights into how AI-driven analytics are driving the transformation of sustainable procurement practices in our recent article.
“The easier the process is, the more likely people are to follow it. By designing processes that are user friendly, it is going to drive the right outcomes.”
Joseph Harrison, Procurement Operations Lead, The AA
Source: Redefining The Art Of The Possible, ProcureTech x Pivot, 2024
🚨 Webinar Alert: Modernising Supplier Enablement
Need to define best practice in Supplier Enablement?
Hear from industry experts as they discuss:
Primary impact of supplier management technology on procurement, key suppliers, SME / tail-spend suppliers, and end-users
How supplier management technology is making collaboration and innovation seamless
Critical enablers for successful adoption of collaborative supplier technologies
How supplier management will advance and innovate in the future
🌏 Sustainable Procurement Champions Index
The Sustainable Procurement Champions are at the forefront of innovation and strategic thought, using new approaches and technologies to revolutionise sustainable procurement.
This esteemed group comprises industry pioneers, sustainability experts, forward-thinking executives, and talent from across the globe. By adopting new technologies, strategically using AI, and challenging the status quo, these leaders are setting new benchmarks for sustainable standards.
CPOstrategy and ProcureTech create the Sustainable Champions 2024 every year, to honour those who are redefining the procurement landscape.
Do you know someone who is making a significant impact on sustainable procurement?
💡 The Future of Digital Procurement: Insights From ProcureTech PIONEERS
Led by Lance Younger from ProcureTech, alongside panellists Dr. Elouise Epstein 🏳️⚧️ from Kearney, Adam Brown from A.P. Moller-Maersk, and Coline Pont from AXA, the ProcureTech PIONEERS webinar provided attendees with insights into current trends and opportunities in digital procurement, as well as announcing the 2024 ProcureTech100. This year's cohort represents a significant leap in the evolution of procurement technologies, with a highly sophisticated group of solutions embracing advanced AI in a way that enables innovation.
🚀 What will the future include for Digital Procurement in 2025? Register for the 2025 PREDICTIONS Webinar.
💬 ProcureTech STARS With Eldar Tuvey of Vertice
In our latest interview, Eldar Tuvey, Founder & CEO of Vertice, shares his thoughts on the future of SaaS spend, the importance of workflow backbones, and how his team celebrates success with “tombstone” desk toys.
🎙️ ProcureTech Partner Insights
David Deakin , Chief Procurement Officer at Rolls-Royce shares insights into the work that Rolls-Royce is conducting with ProcureTech, with a focus on the high level of trust, transparency, and collaboration between the teams, enabling Rolls-Royce to move quickly in a highly complex environment.
📩 If you are looking to revitalise your digital procurement roadmap for 2025, contact us.
💡CPO Strategy at DPW Amsterdam
Discover the latest issue of CPO Strategy from DPW Amsterdam. Dive into insights and exclusive content that’s redefining procurement. This issue features articles with Matthias Gutzmann of DPW, Rujul Zaparde of Zip, Pierre Laprée of SpendHQ and many more.
📰 This week's headlines
Maersk On Finding New Ways To Keep Supply Chains Moving
Donald Trump Returns To The White House: Implications for Global Supply Chains.
Zip at DPW: Ambition Without Barriers.
DHL Supply Chain and Diageo Power up Sustainability Partnership.
🗓 Key dates
Events to add to your calendar:
Modernising Supplier Enablement, November 20, Virtual
Slush 2024, November 20-21, Helsinki
Pivot Berlin Procurement Afterwork, November 21, Berlin
Procurement & Strategic Sourcing Forum, December 8, Miami
ProcureTech GENERATION, December 9, London
GenAI and the Supplier Lifecycle, December 9, Virtual
The AI Summit, December 11-12, New York
2025 PREDICTIONS, December 18, Virtual
AI & Big Data Expo, February 5- 6, London
Manifest Vegas, February 10-12, Las Vegas
💬 If you enjoyed this newsletter, please share it with your peers and friends. More collaboration and conversation = more inspired action!
🌐 Don't forget to follow ProcureTech and join SOURCE now for all things digital procurement!
💭 As usual, we'd also love to hear your wisdom, feedback and suggestions on any 'hot' 🔥 digital procurement topics or events you'd like to hear more about or to share.
All the best,
The ProcureTech Team