Our take on Gartner’s 2018 predictions for procurement and sourcing technology

Xeeva

In Gartner’s recent annual report, they discuss their predictions as to what will have a great impact on procurement and sourcing technology in the coming year and how the market will change over time. One thing that is definitely clear – the procurement and sourcing market is evolving quickly as technology continues to advance. Why are these at the forefront of procurement and sourcing? He reduces the steps involved in managing your sourcing and procurement.

Prescriptive Analytics is Going Mainstream. Is your Organization Ready?

AIMMS

This will grow to 37% by 2022. Source: Gartner, Forecast Snapshot: Prescriptive Analytics Software, Worldwide, 2019. Source: Gartner, Market Guide for Supply Chain Analytics Technology, May 28, 2019.

Ivalua and Axbility Consulting partner to help companies create value through successful procurement transformation

ivalua

The procurement practice at Axbility Consulting includes 40 high-level experts dedicated to enhancing the maturity and performance of Procurement departments and to best leveraging Ivalua’s analyst-recognized leading Source-to-Pay Platform. Axbility also has an office in Montreal and plans to achieve a turnover of five million euros in 2022.

Sourcemap at the 13th Forum on Responsible Minerals

Sourcemap

The Dodd Frank Act (US) and the new EU regulation on conflict minerals refer to the OECD's guidance as a best practice in responsible minerals sourcing. Here is what we learned: The London Metal Exchange introduced mandatory responsible sourcing requirements that will be implemented by 2022.

Supply Chain Digitization Efforts are in Full Swing

Enterra Insights

Numerous sources have declared data to be the most valuable resource in the world and the supply chain sector is trying to take full advantage of data. According to the International Data Corporation (IDC), “Digital transformation spending is to reach almost US$2trn by 2022, growing at a compound annual growth rate (CAGR) of 16.7%. It arrives from an array of sources, and it is presented in a variety of formats.

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Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Instead of having to deal with an ineffective point-to-point communication system like EDI and the complexity of reconciling multiple data sources with multiple permission models, Distributed Ledger Technology (DLT) provides a singular mechanism to securely integrate, harmonize, and synchronize data for all participants. from the global economy by 2022. Source ] Blockchain can help mitigate these losses and their associated disputes.

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

However, as standards for sourcing become more strict, these big players may lose business if they fail to provide visibility into their supply chains. It’s estimated that locating enough new sources to meet these demand spikes would take about 30 years — a long-term solution for a short-term need. Volkswagen recently announced plans to invest €34 billion ($42 billion) in battery-powered cars by 2022.

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

However, as standards for sourcing become more strict, these big players may lose business if they fail to provide visibility into their supply chains. Volkswagen recently announced plans to invest €34 billion ($42 billion) in battery-powered cars by 2022.

[INFOGRAPHIC] Industry 4.0: Powered by the Internet of Things & Digital Manufacturing

Cerasis

includes intelligent bridging between CRM, SCM and ERP systems, social media and other information sources. Based on research by the analyst firm Machina Research 14 billion of those things will be connected by 2022.

Building the Future of my Supply Chain

DynaSys

The top technologies expected to be a source of either disruption or competitive advantage are robotics and automation, predictive analytics, Internet-of-Things (IoT), Artificial Intelligence and Driverless vehicles and drones.

The Responsible Mica Initiative Gets Serious About Supply Chain Mapping [Interview]

Sourcemap

Source: Reuters 2016. RMI is a non-profit organization committed to establishing a fair, responsible and sustainable mica supply chain in the states of Jharkhand and Bihar in India that will eliminate unacceptable working conditions and eradicate child labour by 2022.

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10 Ways IoT Can Improve Supply Chains

IQMS

in 2022, achieving a 10.7% 32% of enterprises are adopting blockchain to gain greater speed compared to existing systems, and 28% believe blockchain will open up new business models and revenue sources.

What is Vendor Master Data Management and Why is it Important?

HICX Solutions

Gaining a better understanding of who your vendors are allows you to improve all aspects of vendor management, such as sourcing, category management and payment. An organisation can’t be truly effective without knowing its vendors.

Procurement Fact File

Claritum

source: (1 page infographic) AccentureOperations , High Performance Procurement (2015). source: (p2) Deloitte – The Deloitte Global CPO Survey 2016. source: (p15) Deloitte – The Deloitte Global CPO Survey 2016. source: (p4) Aberdeen Group – Supplier Networks v2.0

Yowza! A Nine-Step Decision Process to Help Guide Supply Chain Planning Selection

Supply Chain Shaman

The source of data for this blog comes from market triangulation. Today, innovators are testing cognitive computing, artificial intelligence, and open source technologies. The choices in 2022 will be radically different from 2018. Yowza: Excitement or approval.

Vacancies for US Industrial Space Lowest Since 2000

EFT

percent in the second quarter of this year, the 32nd consecutive quarter of declining supply and the lowest point since 2000, according to industry sources. Online purchases are predicted to reach $638 billion by 2022.

Manufacturing 4.0 in academia & practice: How SupplyOn contributed to the MIM 2019 conference

SupplyOn

Not only does SupplyOn have the valuable transaction data from the collaboration, it now also has the analytical capabilities to connect it to other data sources in the cloud, apply artificial intelligence and thereby create addtional value: It combines heterogeneous, meaningful data linked by common denominators with the specific contexts of the affected use case. More than 750 participants from 51 countries all over the world came to discuss the latest trends in Manufacturing 4.0

Truck Driver Shortage: Getting Better, Worse, or No Problem at All?

Talking Logistics

Then again, back in October 2013, the ATA stated that “if freight demand grows as it is projected to, the driver shortage could balloon to nearly 240,000 drivers by 2022.”.

Thailand Ecommerce Logistics for ASEAN Enterprises: Should You Go Local?

Logistics Bureau

Statistic: By 2022, Thailand’s ecommerce market is expected to be worth around $5.8 SOURCE: Statista. The ecommerce market in Thailand has never been healthier and all the signs indicate huge potential for growth in the next few years. With the Thai government’s Thailand 4.0

5 Disruptions Shaping the Digital Transformation in Distribution and Logistics

Supply Chain Nation

Macpherson predicted that the figure will easily be 80 percent by 2022. Source: Grainger Q1 2017 Earnings Call ). Manufacturing and retail transformations, technology disruptions and digitalization of data have redefined the roles of distributors and third party logistics (3PLs).

3 Reasons Why the Pharma Supply Chain is Ripe for Digital Transformation

Aera Technology

percent CAGR through 2022. Spreadsheets are still prevalent and data is still siloed in ERP, MES, LIMS, and other external “outside-in” sources.

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Why the Ethanol Supply Chain Should Fuel the Renewables Debate

Supply Chain @ MIT

Biofuels such as ethanol are seen as an important alternative to gasoline, and the US has mandated the use of up to 36 billion gallons of these renewables by 2022. States where hydropower is an important source of energy, for example, might be less reliant on renewables such as biofuels.

Trends 2019: Digital Enterprise

Enterra Insights

Blockchain performance will become a more important requirement within the enterprise space, driven by the need to accommodate more than simple transaction data or as an element in applications where real-time performance and linkage with other data sources matter.”[4] ” IDC analysts predict, “By 2022, over 40% of organizations’ cloud deployments will include edge computing and 25% of endpoint devices and systems will execute AI algorithms.”[5]

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Your Guide to Multichannel Selling

Unleashed

Not only does their job include assembling or producing the final product, but they also have to source all the materials that go towards making the final good, and then sell these through their channels. In 2022, the augmented and virtual reality market is expected to be worth US$ 209.2

How Will Smart Cities be Financed?

Enterra Insights

Pedro Hernandez ( @ecoINSITE ), reports an ABI Research study commissioned by Chordant in partnership with CA Technologies concludes, “Worldwide, smart city technologies can end up saving governments, businesses and inhabitants more than $5 trillion each year by 2022. billion a year by 2022, thanks to smart buildings, low-maintenance street lighting and other efficiency-boosting systems. Savings, financing, traditional sources of income, and partnerships all play a part.

Thailand Distribution Network Design: Should You Optimise or Wait?

Logistics Bureau

Big changes are on the cards for Thailand’s transportation infrastructure, assuming the government’s plans to upgrade road and rail networks between now and 2022 come to fruition. SOURCE: Logistics Insight Asia. SOURCE: Wikipedia. SOURCE: Logistics Bureau internal research. After all, the upgrade is slated for completion by 2022 at the latest.

Advanced Analytics and the Future of Business

Enterra Insights

3] He adds, “Descriptive analytics juggles raw data from multiple data sources to give valuable insights into the past. According to Gartner, the number could swell to close to $4 trillion by 2022.” Finding new markets : “Analyzing various data sources such as web statistics, and social media can help you find new markets or customers with latent needs that you were not aware of.

Ten Best Retailers at Handling Dangerous Chemicals

Material Handling & Logistics

Source ID. Source ID. By 2022, Walmart aims to reduce its consumables chemical footprint for Walmart U.S. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. One-third of 30 major U.S.

Trends 2019: Digital Marketing

Enterra Insights

”[5] Tasner notes, “By 2022, it’s estimated that chatbots will help businesses save over $8 billion per year. Whether it’s the new generation of social media influencers or traditional sources, such as celebrities, athletes, and musicians, having a live stream with an influencer who is interacting directly with comments is a huge draw for an audience. The Digital Age is disrupting almost every industry and marketing is no exception.

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