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Artificial Intelligence: Procurement and Legal’s “New Frontier”

Proxima

And what for procurement teams? Procurement will need to understand all the ways that AI could transform how attorneys manage their work and what challenges AI could create for legal suppliers that need to be considered. In fact, it’s predicted that legal technology budgets will increase threefold by 2025. [1] Reducing risk.

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Driving Sustainable Supply Chain Change

The Logistics & Supply Chain Management Society

By 2025, to improve long-term supply chain profitability, 60% of manufacturers in global supply chains will invest in software tools to support sustainability and circular economy business models.”. Source: IDC FutureScape: Worldwide Supply Chain 2022 Predictions — APEJ Implications. Driving Sustainable Supply Chain Change.

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Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement

Synovos

Improve Operational Efficiency and Eliminate Internal Complexity Through Digital Procurement From better spend visibility to reduced order times and more, can your organization afford to miss out on the benefits of digital procurement? “Any good procurement team needs access to reliable data.”

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The Future of Procurement Is Upon Us. Are You Ready?

ivalua

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. Sustainability. Think of the brand Tom’s shoes. Globalization.

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Supply chain considerations when taking back a PFI

Proxima

With many PFIs set to expire, we take a look at the steps to tackle this shift According to government data, there are over 700 Private Finance Initiatives (PFIs), and the majority will expire in 2025. Although many PFI expiries are imminent, the peak is between 2025 and 2038 (see chart below). Why should this be big news?

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Future of Procurement Study Available

Supply Chain View from the Field

I recently completed a study of 25 CPO’s, each providing their view of what procurement will look like in 2025. Procurement has a history that is linked in the core concepts of centralization, volume leveraging, and cost reduction. You can download the full report at this link.

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Blockchain for Bill of Lading – A Much Needed Update to the Traditional Bill of Lading for E-Commerce?

GlobalTranz

Challenges in Using Blockchain in E-Commerce The difficulties of blockchain depend on the source questioned. Automated payment processing will reduce instances of payment fraud, prevent documentation issues, and increase the accuracy and validity of all transactions, asserts Abhishek Raval of Express Computer. Download Here.