🥂🎉 Welcome to the first January edition of SIGNALS.
We hope that your New Year is off to a productive and strong start. If your New Year’s Resolution list includes networking with peers, expanding your professional network, and keeping abreast of the latest innovations in digital procurement, make sure to join our community on SOURCE.
⭐ In our latest white paper created in collaboration with Certa, we explore GenAI's transformative role in the supplier lifecycle.
⭐ Explore industry predictions and anticipated advancements for 2025 with industry leaders Lance Younger (ProcureTech), Dr. Elouise Epstein (Kearney) and more. Access the webinar recording here.
⭐ Watch the highlights of the ProcureTech GENERATION Summit hosted in December.
💡 For additional insights:
- Dive into Makersite's vision on accelerating the transition to sustainable supply chains here.
- Hear from Neil Marsons, Group CPO at Rolls-Royce on new technologies that are changing the procurement landscape here.
“I think it’s going to be all about AI. But, the critical enablers are the people. Every solution in the top 100 is stellar. However, that’s a lot of really powerful technology, and so enabling people to use it – and bringing the people along with you – is where the disconnect lies. A critical enabler to remember is that the technology is far outpacing people's ability to absorb the technology.”
Dr. Elouise Epstein, Partner, Kearney.
Source: The ProcureTech100 Yearbook, 2024.
✨White paper: GenAI and the Supplier Lifecycle
GenAI represents a quantum leap in computing capabilities, particularly in its ability to handle unstructured data. This white paper includes:
- GenAI use cases across the supplier lifecycle
- Insights from global thought leaders on Build vs Buy
- Steps to implement GenAI within your organisation
🔮 ProcureTech PREDICTIONS 2025
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The future of procurement technology is set to be shaped by strategic AI applications, the rise of AI agents, enhanced user experiences, end-to-end automation, resilience, sustainability, and data-driven decision-making. As these trends unfold, organisations must focus on developing the necessary digital skills and capabilities to stay ahead in the evolving landscape.
📽️ Missed the webinar? Watch the recording here.
Explore the Trends Shaping Procurement
🚀 ProcureTech GENERATION
ProcureTech GENERATION: The Digital Procurement Summit, was hosted on December 9th, 2024, and provided procurement leaders with the opportunity to gain insights into digital procurement transformation, and the rapid acceleration of AI adoption in the industry.
Stay tuned for 2025 dates & locations - to be announced soon!
🌟 Read more about the key trends discussed at the Summit here.
📰 This week's headlines
- ZETWERK Raises $90M In Latest Funding Round, Hits $3.1B Valuation
- Amazon Business: Pressures and Priorities In 2025
- Ivalua Launches Conversational AI Intake Management Solution
- Saudi Esports Federation: Taking Procurement To The Next Level
🗓 Key dates
Events to add to your calendar:
- From Intake To Pay: Unifying Procurement with Zip, January 21, Virtual Event
- CPO Nordic, January 29, Stockholm
- GreenBiz 2025, February 10-12, Phoenix
- Manifest Vegas, February 10-12, Las Vegas
- ProcureCon Indirect West, March 3-5, Las Vegas
All the best,
The ProcureTech Team
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