ProcureTech SIGNALS Issue #10 | May 31, 2024
Welcome to our last Spring edition of SIGNALS.?? ?
As the summer begins, we are excited to bring you the latest updates and upcoming events in our community.
According to recent research completed by us at ProcureTech,?100% of high performers state that supplier performance data is driving a high or extreme impact on efficiency.
On the 11th of June, we'll be exploring the future of Supplier Relationship Management and our research during a webinar with Kodiak Hub. Read more about the webinar below.
Be sure to read our latest publication on?the current trends influencing digital procurement and the rise of Process Workflow Orchestration .?
Last but not least, we'll be publishing some video interviews with digital solution founders and CEO's from our recent Founders' Circle. You'll find the first of these, featuring Zip's Rujul Zaparde , in this edition.
Webinar Alert:?
?? Elevating performance: Strategies for enhancing supplier performance across the lifecycle
Is Supplier Intelligence broken, and what?weaknesses are holding SRM initiatives back?
?? Did you know that?72% of respondents state that supplier performance data has unlocked improvements in supply resilience?
?? 78% of high performers in supplier performance are gathering cross-functional stakeholder feedback, are you?
ProcureTech, in collaboration with Kodiak Hub , recently investigated supplier intelligence and what best-in-class SRM actually looks like. Join us on the 11th of June, 3pm BST, for a webinar as we publish our findings.
Lance Younger will be joined by Malin Schmidt (CEO, Kodiak Hub), Rory Lamont (CPO, Siemens Mobility), and Daniel Wilson (Head of Indirect Procurement, Philips).?
Strategy, Process & Performance in Procurement: the rise of Orchestration and GenAI
?? In this piece, ProcureTech's Mark Gillett and Michael Rooney highlight some of the digital trends influencing our digital procurement transformation and how the rise of Process Workflow Orchestration and embedding of GenAI is humanising the procurement experience for users (business stakeholders, suppliers and procurement).?
The strategy, process, and performance capability is dedicated to enhancing procurement activities, operational workflows, and performance management.
Simplifying user experiences with seamless end-to-end journeys through intelligent process orchestration is transforming the procurement landscape. At the same time, leveraging conversational AI to guide users - whether they're initiating processes or seeking support - is setting high-performing solutions apart in today's market.
You can find more articles?and read them on SOURCE.
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What does the industry think about innovation and GenAI in procurement?
Sticking with the subject of orchestration, innovation and AI in Procurement, during our recent Founders' Circle ?we interviewed a number of founders and CEO's from leading procurement solutions. Watch our video above to hear Zip's CEO Rujul Zaparde 's thoughts on the matter.
Keep an eye out for more news about future ProcureTech Founders' Circles as we'll be going to both London and Berlin later in the year.
?? You can find all of our content and more on ProcureTech SOURCE , the ultimate platform for digital procurement.
News, Products & Partnerships?
?? The biggest procurement headlines from the week?
Experiences??
??? Events to add to your calendar:
?? 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.
All the best,
The ProcureTech Team