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. With rising supply chain complexity, organizations are racing to improve the pace and quality of decision-making. To do this, many are relying on prescriptive analytics.

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Digital Supply Chain Predictions!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! GET our EBOOK HERE. Digital Supply Chain predictions article and permission to publish here provided by Michael Gaughan at land-link.com.

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.

Trends 2021: Big Data

Enterra Insights

Public cloud services will be essential for 90% of data and analytics innovation by 2022. Sallam explains, “Gartner forecasts that 35% of large organizations will be either sellers or buyers of data via formal online data marketplaces by 2022. There is no denying we live in the Digital Age and that data is driving the economy.

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Gartner estimates that by the end of 2022, 85% of enterprises will have some form of RPA implemented in their business and Forrester calculates the RPA market will exceed a 50% CAGR by 2023, going from roughly $500 million to $2.8

Medical Device Manufacturing in 2021 – The 3 Key Challenges

Unleashed

As of June 2020 enforcement of UDI legislation has been delayed for some classes of medical device until 2022 due to Covid-19 disruptions. These are medical products that deliberately/fraudulently misrepresent their identity, composition or source.

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.

Trends and Predictions 2020: Supply Chain

Enterra Insights

Supply chains will be able to procure, source, manufacture and handle logistics across a broad array of players including small to medium businesses. … Supply chains of the future will enable an intelligent order management system — working on your behalf, across multiple partners — to orchestrate demands in real time from source to delivery to returns.” Greeting the new year is like walking into a dimly lit room from the bright sunlight.

Trends 100

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. The World Jewellery Confederation (CIBJO) announced a new Blue Book providing guidance for responsible sourcing in the jewellery sector.

The good, the bad and the greenwash: 7 brands who hit the headlines for impact transparency in 2020

Provenance

They’ve also committed to all of their packaging being reusable, recyclable or compostable by the end of 2022. They were well known for opening up about their sourcing materials, the environmental impact of finished products and social impact credentials of the suppliers they partner with. .

Is AIoT the Future of Industrial Connectivity?

Enterra Insights

“Enormous volumes of data processed from numerous internet-connected sources.” In fact, Gartner also estimates that over 80% of enterprise IoT projects will incorporate AI by 2022.” There is a lot of discussion about the future benefits of the Internet of Things (IoT) — sometimes called the Industrial Internet of Things (IIoT). As more and more devices connect to the Internet, the amount of data being generated will explode.

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.

Freight Procurement Solutions Are Transforming Supply Chains

Jaggaer

Why You Should Consider Freight Procurement Sourcing Solution. In the world of procurement, freight sourcing is a unicorn… it’s unique and complex with multiple modes, varying capacities, innumerable regulation requirements and safety issues. Industry experts call out advanced sourcing solutions as being extremely important to freight procurement. For more on JAGGAER’s Advanced Sourcing Optimization solution, download the datasheet.

The need to know

EFT

Exclusive: Walmart's Flipkart eyes overseas listing as early as 2021: sources v. Indian e-commerce firm Flipkart is preparing for an initial public offering overseas as early as 2021, which could value the firm up to $50 billion, sources familiar with the company's plans told Reuters.

How to prepare for a transparent supply chain in 2021

SupplyShift

To reuse the Kraft Heinz example, something like: Procure most electricity from renewable sources by 2025 and decrease energy usage by 15 percent. 2020 has been a defining year for transparent supply chains.

Transparency in beauty & wellness: why 2020 will be a breakthrough year

Provenance

Influencer marketing as an industry is slated to be worth up to $15 billion by 2022, up from $8 billion in 2019, according to Business Insider Intelligence. Note on this from Louise, our Head of Enterprise at Provenance: “If your business can’t provide this level of detail, then it’s probably more of a brand licenced model which doesn’t own the formula and doesn’t have any insight into where the ingredients are sourced from. Trust has been on a journey in the beauty space.

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. Despite the mineral’s gleaming properties, the dark side of Mica begins at the source.

India 46

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. The majority of enterprises are prioritizing their blockchain pilots that concentrate on supply chains improvements (53%) and the Internet of Things (51%) according to Deloitte’s latest blockchain survey.

Trends and Predictions 2020: Technology

Enterra Insights

Another IDC prediction is, “By 2022, 70% of enterprises will integrate cloud management — across their public and private clouds — by deploying unified hybrid/multicloud management technologies, tools and processes.” “By 2025,” the IDC analysts predict, “nearly two-thirds of enterprises will be prolific software producers with code deployed daily, over 90% of new apps cloud native, 80% of code externally sourced and 1.6

Trends 100

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

Confused About What to Do? Try Prescriptive Analytics.

Enterra Insights

This will grow to 37% by 2022.”[4]. It leverages predictive analytics and descriptive analytics to derive ideal outcomes or solutions from helping you solve business problems based on foresight achieved from continuously analyzing a wide variety of (un)structured data sources. Most humans are curious about the future. This curiosity motivates people to visit oracles, study the stars, consult shamans, get their palms read, stare into crystal balls, and turn over tarot cards.

Trends and Predictions 2020: Information Technology

Enterra Insights

By 2022, 70% of enterprises will deploy unified hybrid/multicloud management technologies, tools, and processes.” More than 90% of apps will be cloud native, 80% of code will be externally sourced, and 1.6 Information technology (IT) is an umbrella term covering a variety of technologies. Bill Gates ( @BillGates ) once stated, “Information technology and business are becoming inextricably interwoven.

Trends 100

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. On June 13th, we have invited our customers and partners to Bordeaux (France) to share their vision and plans to take their supply chain to the next level. . Today there are trends we can’t ignore.

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. Get a cup of coffee. This is a long post. <Bear <Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supply chain planning software.

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. Vacancies in the US industrial sector, which includes warehouses, distribution centres and other facilities, dropped by 10 basis points (bps) to 7.2

Procurement Fact File

Claritum

source: (1 page infographic) AccentureOperations , High Performance Procurement (2015). source: (p2) Deloitte – The Deloitte Global CPO Survey 2016. CPO’s will continue their focus on generating value through traditional levers over the next 12 months: source: (p7) Deloitte – The Deloitte Global CPO Survey 2016. source: (p15) Deloitte – The Deloitte Global CPO Survey 2016. source: (p1) Paystreams, Supplier Network Management (2014).

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. According to Gartner : “By 2022, 90% of corporate strategies will explicitly mention information as a critical enterprise asset and analytics as an essential competency.” An organisation can’t be truly effective without knowing its vendors.

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

Top 10 supply chain trends for 2020

Requis

In business to consumer markets, there has been a rising trend towards sustainable and ethical sourcing. Related to the sustainability and sourcing concerns just mentioned are concerns over product and asset counterfeiting. trillion counterfeit market by 2022) according to a report by the International Trademark Association and the International Chamber of Commerce. January 1st not only the start of a new year, but a new decade.

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.”. In the current forecast, the driver shortage will be about 110,000 drivers by 2022, so it appears that the driver shortage problem has improved by 130,000 drivers since the 2013 forecast.

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. Dozens of data sources could help companies better manage supply, quality, and cost: real-time data availability from the shop floor to the patient; data collected from internal sources; third-parties; social media; trends in patient health; and even weather patterns.

Data 40

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]

Trends 100

5 Disruptions Shaping the Digital Transformation in Distribution and Logistics

BlueYonder

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). The rate of change is accelerating, driving the transformational initiatives of distributors and 3PLs to stay relevant, create differentiation and execute long-term growth strategy.

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. Burning issues. A broad view of the ethanol supply chain can reveal much about the future of biofuels. Photo: Shell.