ProcureTech SIGNALS 2023 Issue #47

Welcome to our weekly LinkedIn SIGNALS newsletter!

Corporates! We're launching our newest series of?ACCELERATORs, to help find the right digital solution for your procurement challenge. Register now to start 2024 on a high!

CPOs have gained their seat at the table - now what? We take a look at Fairmarkit's latest report, diving into the importance of cross-functional collaboration and how Procurement can maximise the benefits.

This week's ProcureTech100 category deep-dive looks at?Supplier Management, and?Strategy, Process & Performance: pioneers who continue to shape the new age of digital?procurement,?process orchestration and effective decision-making.

Need a digital solution for your corporate challenge? ?

2024 is your year! Sign up for our ProcureTech ACCELERATOR: January kick-off.

We are looking for leading corporates to join our fast-track 7-week ACCELERATOR, where we work with the following solutions to solve common procurement challenges.

• Advanced Analytics - ivoflow
• Smart Procurement Workflows - ORO Labs
• Autonomous Negotiations - nnamu
• Tail Spend - Fairmarkit
• Procurement GenAI

It's free for corporates to participate! All we ask of you is ambition, energy and commitment to co-create and deliver value from these solutions as you transition from pilot to partner. Sign up now and we'll help to solve your procurement challenge in 2024! ?

Corporates - sign up for our next ProcureTech ACCELERATOR!

How CPOs can secure seats at strategic tables ?

Now, effective stakeholder alignment strategies are key to maximising this advantage.

By improving collaboration with stakeholders and other functions, Procurement can not only maximise the benefits it achieves for the company as a whole, but also gain a reputation as a critical value-driver. Fairmarkit shares?insights into the importance of cross-functional collaboration - from a Procurement perspective - and how the function can maximise the benefits that it unlocks. ?

Discover how CPOs can maximise their advantage...

2023 ProcureTech100 Supplier Management deep-dive ?

In the new age of digital Procurement, risk management and new technologies come hand in hand.

Adopting a more advanced, sophisticated approach to risk management is a core component of successfully implementing next-generation strategic Procurement. This comes as an essential (and inevitable) benefit of an organisation making a commitment to digital transformation, digital technologies, process automation and data-driven decision-making.

Learn more about the Supplier Management pioneers.

2023 ProcureTech100 Strategy, Process & Performance deep-dive ?

Solutions that offer a simplified user interface and enable a seamless end-to-end user journey through process orchestration are being seen as game-changers.

Solutions that offer Conversational AI - as a means to interact with users starting their journey or in need of support - are excelling in the market.?The strategy, process and performance category covers solutions that are improving Procurement processes, alongside operational and performance management. ?

This year has witnessed a shift towards solutions that provide decision intelligence, including data aggregation, visualisation, and automation. This is crucial for driving Procurement strategy and improving overall performance.

Learn more about the Strategy, Process & Performance pioneers.

News, Products & Partnerships

The news that matters this week...

?? Scoutbee : 4 key trends for supplier?diversity in 2024

?? Candex secures $45m Series B funding to grow its procurement management business

? Why you need an eProcurement solution in ERP

?????AI in legal services: how does it work?

?? Global Trade’s Turbulent Path: From Slump to Digital Revolution ?? Tipalti 's take on AI in procurement...

?? interos.ai and Carahsoft partner to secure government supply chains

Experiences

The must-attend digital and procurement experiences...

?? Procurement Unleashed ZAGENO Inc. 6 December

?? Supplier Diversity and ESG in 2024 Supplier.io 7 December

?? From Insights to Impact: Navigating Net-Zero with Data-Driven Strategies carbmee 7 December

???Demystifying AI in Procurement Keelvar 14 December

?? Big Data & AI World London 6-7 March 2024

?? Contract Management in Procurement INHUBBER 17 April 2024

Podcast

This week's podcast...

?? Eric S. Brown , CRO at Certa.ai , shares how to increase?visibility within e-procurement processes, understand when is exactly the right time?to invest in digital procurement, and how we can continue elevating the profession.?Listen here ???

If you enjoyed this newsletter, then please share it with your peers and friends, more collaboration and conversation = more inspired action!

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As usual, we'd also love to hear your wisdom, feedback and suggestions on any 'hot'??? digital procurement topics or events you'd like to hear more about or to share.

The ProcureTech Team