ProcureFocus Newsletter | November 20, 2024

Highlights from Our Procurement 4.0 Event with ISM-New Jersey

Last week, Focal Point had the privilege of hosting a memorable Procurement 4.0 event in partnership with ISM-New Jersey ! The evening brought together a diverse mix of tenured supply chain professionals and ambitious students from the Rutgers University Supply Chain Association , fostering lively discussions about the future of procurement.

Amidst great conversations, new connections, and a welcoming atmosphere, the event served as a fantastic platform to exchange ideas and explore how organizations can navigate the evolving procurement landscape.

We extend our heartfelt thanks to ISM-New Jersey for their partnership and to all the students and professionals who joined us. Your energy and insights made the night truly special!

We’re already looking forward to our next collaboration with the Institute for Supply Management . Stay tuned for more opportunities to connect, learn, and lead the charge in procurement innovation!

The Future of Procurement: Trends and Predictions for 2025

As we approach 2025, the procurement landscape is poised for significant transformation. From advancements in AI and automation to the increasing focus on sustainability, innovation is reshaping how procurement teams operate and create value.

In our latest article, we delve into the trends and predictions that will drive procurement’s evolution. Key topics include:

• Leveraging data analytics for smarter decision-making
• Building strategic supplier relationships
• Embedding sustainability into procurement strategies

By embracing these shifts, organizations can move beyond transactional operations to create lasting strategic advantages.

Read the full article here to explore these insights.

We’d love to hear your thoughts: What trends do you think will shape the future of procurement?

Procurement 4.0: Exploring Procurement's Future with Spend Matters

There’s still time to register for our exclusive Procurement 4.0 webinar on December 5 at 12 PM EST. Join Focal Point’s Matthew Buckingham and Spend Matters ' Nikhil Gaur as they explore how digital transformation, data-driven insights, and orchestration platforms are redefining procurement.

Why You Should Attend:

• Innovation in Sourcing and Supplier Management: Discover how advanced technologies are driving efficiency and strategic growth.
• The Power of Digital Orchestration: Learn how to seamlessly connect your procurement ecosystem.
• Best Practices for Tech-Optimized Procurement: Get actionable strategies to leverage technology and stay ahead of industry trends.

Designed for procurement leaders and forward-thinkers, this session offers insights to help you navigate the rapidly evolving landscape.

Seats are still available, but they’re filling up fast! Secure your spot today and be part of this transformative conversation.