“People won't change their work to suit rigid procurement processes; they flow like water, seeking the path of least resistance, often leading to savings leakage and increased risk.” Partner Vernon Kringas presented at Institute for Supply Management World 2024 today in Las Vegas this week. We had a great turnout to the session and lots of great conversations throughout the conference addressing #procurement and end user's needs by molding procurement processes and #technology to the uniqueness of the organization. By prioritizing user experience in procurement, we reimagine from one-size fits all technology approach to engaging user experience layers with intuitive interfaces that guides users seamlessly; ensuring compliance and eliminating the need for workarounds that lead to risk and frustration. We look forward to partnering with more organizations in North America who are leaning into the trends that matter, such as empowered and efficient workforce through a self-service procurement organization.
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Digital transformation continues to reshape supply chain and procurement teams... but many teams are lacking the core technical skills required. Our CEO, Sam W Pemberton, commented on our Industry 4.0 research report to say, "Over a quarter of senior supply chain and procurement professionals that we spoke to have not noticed any improvements in the speed or accuracy of their teams’ work, despite having the world of technology at their fingertips.” See the report for yourself 👇 #Transformation #SupplyChain #Procurement #Technology https://lnkd.in/e4mxxNMM
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Participate in the Survey & feed Future Thinking: https://hubs.ly/Q01VdrY80 Are you grappling with slow-moving category management that's struggling to embrace change, specifically technology? 🚀 Whether this resonates with you or you have a different perspective, we're all ears! Share your insights in our 2023 Global Category Management survey - a groundbreaking study set to reshape the #procurement industry. #CategoryManagement #ProcurementTech #Survey
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Driving Procurement Excellence I Life Sciences I Procurement & Supply Chain I Expertise in Intelligence, Insights & Analytics Solutions to Drive Outcomes
Focus on category management continues to be important. There were some great findings from 2022 survey from Future Purchasing: - only 47% of spend was covered with formal strategies - 68% of stakeholder value was found to be unrealised - only 20% strategies were aligned to business objectives #procurementtransformation #categorymanagement #procurementexcellence
Participate in the Survey & feed Future Thinking: https://hubs.ly/Q01VdrY80 Are you grappling with slow-moving category management that's struggling to embrace change, specifically technology? 🚀 Whether this resonates with you or you have a different perspective, we're all ears! Share your insights in our 2023 Global Category Management survey - a groundbreaking study set to reshape the #procurement industry. #CategoryManagement #ProcurementTech #Survey
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Participate in the Survey & feed Future Thinking: https://hubs.ly/Q01VdrY80 Are you grappling with slow-moving category management that's struggling to embrace change, specifically technology? 🚀 Whether this resonates with you or you have a different perspective, we're all ears! Share your insights in our 2023 Global Category Management survey - a groundbreaking study set to reshape the #procurement industry. #CategoryManagement #ProcurementTech #Survey
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Our friends from Future Purchasing and Henley Business School have launched this year's Global Category Management Study - which aims to identify best practices employed by industry leaders and understand the incremental performance benefits they achieve. By taking part, you’re helping to shape the future of Category Management, and you get a full understanding of where you stand! 🤝 #ProcurementIntelligence #innovation #ProcurementLeaders
Participate in the Survey & feed Future Thinking: https://hubs.ly/Q01VdrY80 Are you grappling with slow-moving category management that's struggling to embrace change, specifically technology? 🚀 Whether this resonates with you or you have a different perspective, we're all ears! Share your insights in our 2023 Global Category Management survey - a groundbreaking study set to reshape the #procurement industry. #CategoryManagement #ProcurementTech #Survey
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Helping organisations implement procurement change | Change Management | Category Management | Procurement Consultancy | Supplier Management Experts | Procurement Training
Participate in the Survey & feed Future Thinking: https://hubs.ly/Q01VdrY80 Are you grappling with slow-moving category management that's struggling to embrace change, specifically technology? 🚀 Whether this resonates with you or you have a different perspective, we're all ears! Share your insights in our 2023 Global Category Management survey - a groundbreaking study set to reshape the #procurement industry. #CategoryManagement #ProcurementTech #Survey
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#ProcurementExpertSeries Continuing our Expert Series, let's explore insights from Mathias Grünewald, CPO at Merck Gruppe, in the latest edition of Procurement Magazine. Leaders must foster collaboration, leverage advanced technologies, and prioritize sustainable practices to drive long-term value. 🌿🤝💡 Based on Mathias’s insights, here are 3 key strategies for sustainable procurement: 1. Sustainable integration ☘ : Sustainability is central to Merck's procurement strategy, shaping standards with industry associations and collaborating with suppliers for sustainable solutions. 2. Balancing performance and sustainability ⚖ : Sustainability is a regular topic in discussions with key suppliers, benefiting both parties. Contracts and proposals include sustainability-related elements, influencing the selection process. 3. Leveraging data and technology 👨💻 : Merck efficiently integrates advanced analytics, AI-driven tools, and cutting-edge procurement solutions through strategic use of big data and rigorous governance of procurement-specific data ontology. In summary, Mathias highlights the importance of sustainability in procurement and the value of collaboration, innovative data strategies, and advanced technologies for success. 🚀 How are you integrating sustainability into your procurement strategies? Share your insights in the comments 👇 #ProcureAi #Procurement #Sustainability #SupplyChain #BigData #AI #Merck #ProcurementExpertSeries #SustainableSourcing Source: https://lnkd.in/ejNdW3bN
Procurement Magazine - June 2024
procurementmag.com
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Global Leadership | Commercial & Operational Excellence | Collaboration | Planning | Procurement | Digital Transformation
🌟 Unlocking the Power of Innovation 🚀: Elevate your organization’s productivity and cost-efficiency with these top 5 procurement strategies. 💼 1️⃣ Strategic Supplier Partnerships: Collaborate, don’t just negotiate! 🤝 2️⃣ Digital Procurement Platforms: Transform your process with tech 🌐 3️⃣ Sustainable Sourcing: Go green, save green! 🌿💲 4️⃣ Demand Forecasting Excellence: Know what’s coming, and save big! 🔮 5️⃣ Lean Inventory Management: Less is more, and more is savings! 📦💰 If you want support elevating your sourcing game for a brighter, more efficient future, contact me! 💡 #ProcurementInnovations #CostSavings #consulting
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🔝 Procurement & Supply Chain Expert | Ai & Automation Specialist | Streamlining Operations for High Growth Companies in North America 🚀
🌍 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁'𝘀 𝗙𝘂𝘁𝘂𝗿𝗲: 𝗥𝗲𝗮𝗱𝘆 𝗼𝗿 𝗡𝗼𝘁? 🚀 Efficiency, sustainability, and technology are overhauling procurement and supply chains at breakneck speed. But is business ready to adapt? We're shifting from traditional methods to digital platforms like 𝗦𝗔𝗣 𝗔𝗿𝗶𝗯𝗮. This revolution streamlines sourcing, supply chains, logistics, contracts, and vendor relationships. It increases transparency and minimizes risk. But it's not challenge-free. We need to stay updated and foster agility in our teams. To navigate this change, we need strategy, innovation, collaboration, and resilience. The aim? Adding value and driving sustainable growth in a complex ecosystem. Looking forward to 2024, let's think for a minute: Are we just going through this digital transformation or are we steering it? The future doesn't wait, so let's get ready. How are you future-proofing your procurement? Let's chat! #ProcurementEvolution #SupplyChainInnovation #DigitalTransformation
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As businesses rely more heavily on technology to improve their processes, the need for efficient inventory management has become one of the top priorities for companies. But, with the rapid changes in technology, what are the latest trends, and what does the future of inventory management look like? 🔍 💼 At The Supply Chain Consulting Group, we provide cutting-edge inventory management solutions tailored to meet each customer's specific needs. 💥Our experience and expertise allow us to ensure that our solutions are equipped with the latest innovations and trends in inventory management. 🛍️ Check out our website for more insights and observations on the latest trends in inventory management and find out how we can help you take your business to the next level: https://lnkd.in/emccKTnP ☎+44(0)1926 430 883 📧 info@sccgltd.com #InventoryManagement #Trends #Technology #Innovation #BusinessSolutions.
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If you would like to know more about what we presented, contact Infosys Portland North American Senior Partner and Practice Lead Jeremy Began