🦃 Welcome to the second November edition of SIGNALS and Happy Thanksgiving to those celebrating!
As we rapidly approach 2025, digital procurement leaders are predicting a transformative year ahead, as organisations start to pivot from exploring and investigating AI to full-scale implementation. Advanced technologies will continue to redefine processes, while new risks require agile strategies and risk management capabilities to meet an ever evolving environment. Redesigning operations and maintaining supplier relationships will be crucial to success in the year ahead:
🌟 Gain insights into GenAI's impact on procurement during the ProcureTech x Certa webinar on December 11th. Jag Lamba and Lance Younger discuss supplier lifecycle advancements with procurement leaders and digital transformation enthusiasts.
🌟 Learn how to future-proof digital procurement in 2025 by joining the live 2025 PREDICTIONS webinar on December 18th, where the top 10 predictions will be announced.
🌟 Sergio Martín Former Head of Global Procurement at Dyson shares his perspective on how supplier enablement technology drives innovation and collaboration. Read more here.
🌟 Hear from Vertice's CEO Eldar Tuvey on the latest in process orchestration and the industry.
🔍 For additional reading:
- Uncover how risk management technologies are transforming traditional procurement processes here.
- Discover this year's analytics, data and intelligence leaders in the 2024 ProcureTech100 here.
"The future will have its complexities and its challenges for any company. We have to have the technologies to respond to those challenges, not the other way around ".
Christophe Villain, Global Head of Supply Chain & Procurement Technology, Nestlé.
Source: Modernising Supplier Enablement, ProcureTech x Candex, 2024.
🦾 Upcoming Webinar: GenAI and The Supplier Lifecycle
What defines best practices for GenAI in the supplier lifecycle?
Digital procurement leaders integrating Generative AI across the supplier lifecycle frequently find that adoption is not a straightforward or smooth process, and the team at Certa have identified several core considerations that must be addressed prior to leveraging Generative AI.
Together, Lance Younger, CEO of ProcureTech, and Jag Lamba, CEO of Certa, will discuss:
- Primary use cases for GenAI across the Supplier Lifecycle
- Building blocks that must be in place to support GenAI use
- How GenAI will change the supplier lifecycle in the future
💡 Understanding Supplier Enablement Technology: Impact, Advantages and Key Enablers
What are the primary impacts of supplier enablement technology?
Supplier enablement is entering a transformative era, driven by advancements in AI and machine learning. From automating PR creation and PO management to streamlining invoice processing, these technologies are reshaping procurement processes. Sergio R. Martín delves into the strategic advantages supplier enablement technologies bring to organisations and highlights the steps to unlock their potential.
🔗 For more insights, watch the webinar replay on Modernising Supplier Enablement.
🔍 Read the full ProcureTech x Candex white paper.
🔮 ProcureTech 2025 PREDICTIONS Webinar
What will the future include for Digital Procurement in 2025?
The ProcureTech 2025 PREDICTIONS webinar will take place December 18th, featuring insightful predictions from Founders and Leaders represented in the 2024 ProcureTech100 cohort.
🌟 Submit your predictions here. All submitted predictions will be shared during the 2025 PREDICTIONS webinar.
Register for the PREDICTIONS Webinar
🎙️ Insights from the Procuretech Founders' Circle
Vertice Founder & CEO, Eldar Tuvey, highlights the importance of flexibility and transparency when building successful digital procurement partnerships. Speaking at the recent Procuretech Founders’ Circle event in London, Eldar dives into how procurement orchestration can be integrated into existing infrastructures to drive better outcomes.
📩 If you are looking to revitalise your digital procurement roadmap for 2025, contact us.
✨ The 2024 ProcureTech100 Yearbook
Created by ProcureTech, published by CPOstrategy, the 2024 Yearbook will showcase the definitive 100 pioneering digital procurement technology, data and analytics solutions that are supercharging procurement and the enterprise, offering essential insights into the key components that will deliver outstanding performance for your procurement journey. The issue will be packed with white papers and best practice guidance from global procurement leaders.
“For us, these 100 are pioneering. We are inclusive, so there are large enterprise-scale solutions, there are small niche solutions, there are solutions that are literally coming out in stealth mode, all the way through to some of the mega companies, now and in the future as well.”
Lance Younger, CEO, ProcureTech
📰 This week's headlines
- Kodiak Hub Secures €6Million From Oxx To Transform Procurement with AI.
- Lightyear Raises €31Million in Series B Led By Altos Ventures.
- Tonkean: Unleashing The Power Of Process Orchestration.
- COP29: Businesses Must Prove That ESG Commitments Are Possible.
🗓 Key dates
Events to add to your calendar:
- ProcureTech x Pivot: London Procurement Afterwork, December 5, London
- ProcureTech GENERATION, December 9, London
- GenAI and the Supplier Lifecycle, December 11, Virtual
- 2025 PREDICTIONS, December 18, Virtual
- SpendHQ Insights Summit & Product Council, January 16, Atlanta
- AI & Big Data Expo, February 5- 6, London
- Manifest Vegas, February 10-12, Las Vegas
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