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Procurement Analytics Software Market 𝐒𝐢𝐳𝐞 𝐀𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 Procurement Analytics Software Market size is expected to develop revenue and exponential market growth at a remarkable CAGR during the forecast period from 2024–2031. The comprehensive report of the Procurement Analytics Software Market will analyse data changes and their impact on the market at the global level. It also analyses the overall growth of companies in the market and their abilities to manage and control profit levels, which is highly important to any investor wishing to open and expand a company within the same market. ➢𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐦𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐚𝐬 𝐛𝐞𝐥𝐨𝐰: ➢ Procurement Garage ➢ Procurement Summit ➢ Procurement League ➢ Procurement Foundry ➢ Procurement Leaders | A World 50 Group Community ➢ Procurement People ➢ Procurement Heads ➢ Procurement Garage ➢ Procurement Magazine ➢ Procurement Club ➢ Procurement Freelancers ➢ Procurement Professionals ➢ Procurement Summit ➢ Procurement Tactics ➢ Procurement Nest ➢ Procurement Wale ➢ Procurement Australia ➢ Procurement and Contracts Sdn. Bhd. ➢ NATO Support and Procurement Agency (NSPA) ➢ Supply chain and Procurement Society ➢ Purchasing & Procurement Center ➢ WNS Procurement ➢ Art of Procurement ➢ Smart Procurement ➢ World of Procurement®️ ➢ Pelican Procurement Services - An Avendra Group Company ➢ Vorätte Procurement & Sourcing ➢ GPA Procurement (UK) Ltd ➢ PEMEX Procurement International, Inc. ➢ National Unified Procurement Company "NUPCO" ➢ S+ Sourcing & Procurement Experts ➢ Tier 1 Procurement Pty Ltd ➢ IPA (International Procurement Agency b.v.) ➢ Maersk Procurement ➢ The Sustainable Procurement Pledge ➢ Defence Procurement ➢ NIGP: The Institute for Public Procurement ➢ Bloom Procurement Services ➢ Vodafone Procurement Company ➢ CB Procurement #data #sales #marketresearch #research #entrepreneur #businessstrategy #technology #data #sales #datacollection #salesfunnel #contentmarketing #bhfyp #size #forecast # #Share #Scope #Opportunities #Analysis #ProcurementAnalyticsSoftware

Read our latest #BigInterview discussing The Procurement Tech Revolution now 🔔 Jack Birch, Head of the Interim practice, explores the flexible and modern solutions shaping the future of Procurement with Prasanna Rajendran. #procurementinsights #techrevolution #procurementAI

📍Ever feel navigating procurement is like trying to fit square jars into round holes?  Even within the same industry procurement can look totally different. 📍Adding organisational maturity and various Procure-tech tools makes it even more complex. 📍Unlike HR or accounting, procurement varies greatly org to org ❓Do you find this to be true? 📍 Over the past two weeks, I’ve spoken with many managers. Each confirmed this - changing companies means changing procurement processes, technologies, approach, maturity and internal client attitudes. 📍 As a consultant, I’ve seen it all. From just sending orders to having organised, strategic procurement with top talent and tech. Do You see the same differences? Challenges, just to name a few: Adapting to new processes - each company has its own procurement methods. Training requirements - new tools and systems require specific training. Aligning with internal clients - different attitudes and expectations. Managing change -  shifting from operational to strategic roles. Maintaining consistency - ensuring process efficiency across different environments. Integrating Procure-tech - adopting and optimising new technologies in procurement. Do You agree? #procurement #procuretech

𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠 𝐚 𝐂𝐚𝐫𝐞𝐞𝐫 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐞𝐦𝐞𝐧𝐭? 𝐇𝐞𝐫𝐞'𝐬 𝐖𝐡𝐲 𝐘𝐨𝐮 𝐒𝐡𝐨𝐮𝐥𝐝. If you've been following my recent content, you've probably noticed my strong passion for procurement. It's not just a job for me; it's been a life changer, and I believe it can be for you too. Procurement has been my university. A world full of opportunities, lessons, challenges, and invaluable connections (not to mention plenty of POs and contracts!). But let's shift the focus from me to 𝐰𝐡𝐲 𝐩𝐫𝐨𝐜𝐮𝐫𝐞𝐦𝐞𝐧𝐭 𝐧𝐞𝐞𝐝𝐬 𝐘𝐎𝐔. According to a study by 𝗠𝗼𝗿𝗱𝗼𝗿 𝗜𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝐞, the procurement software market is projected to reach a staggering 𝐔𝐒𝐃 𝟏𝟑.𝟐𝟕 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 by 𝟐𝟎𝟐𝟗, growing at an impressive Compound Annual Growth Rate (CAGR) of 𝟏𝟎.𝟐𝟎% from 2024's 𝐔𝐒𝐃 𝟖.𝟏𝟕 𝐛𝐢𝐥𝐥𝐢𝐨𝐧. Isn't that awesome? The demand for automating procurement processes, enhancing efficiencies, integrating AI, implementing spend analysis, managing procurement performance, identifying savings opportunities, and enhancing reporting and analytics is rapidly increasing. Organizations now recognize the immense value that procurement brings more than ever before. 𝐒𝐨, 𝐰𝐡𝐲 𝐝𝐨 𝐰𝐞 𝐧𝐞𝐞𝐝 𝐲𝐨𝐮? 😎 As technology advances, the need for skilled professionals grows. We're looking for individuals who can sustain these enhancements, drive change management and training, devise effective communication strategies, conduct analytics, ensure compliance, and tackle many other tasks. That being said, with the procurement software market set to expand further, now is not the time to hesitate. Join the procurement community today and let it transform your life just like it has on mine. #procurement #careeropportunity #procurementmarket #procurementsoftware

What's been happening in the Consulting market this year? It's been a challenging period for many of those who focus on #digitalprocurement #transformation projects and that has certainly impacted the #hiring market. Here's a summary:https://lnkd.in/eUGvBGxi #digitalsupplychain #procurementtechnology #proctech #consulting Edbury Daley Simon Edbury Peter Brophy

Today, let us explore our procurement portfolio management of our enterprise solution, which is central pillar of an organization’s supply chain engagement, mission and strategy, end-to-end business optimizations and excellence, execution and reporting. Procurement excellence teams are actively involved in obtaining the goods and services an organization needs to support its daily business, including identify goods or services needed, sourcing, negotiating terms, purchasing items, subcontracting services, managing distributions and finalizing order, and delivery and audit of all the pillars of procure to pay cycle includes people, process, technology, and supply chain. Simply it is an engagement of a buyer and seller. Now we have our procurement portfolio management business processes and base structures are ready as mentioned, we covered another major pillar of our enterprise solution, along the way, we are sure you will be able to choose your passion and move forward optimistically. Are you ready! Follow us for more information and continuously improving your enterprise business solutions!  #digitaltransformation #consulting #education #freshers #job #jobsearching #students #career #volunteering #savant #talents #world #training #it #business #dream #goal #experience #subjectmatterexperts #knowledge #mentor #commitment #empowered #value #lessonslearned #virtuallearning #projectmanagement #erp #enterpise #digitization #vision #organization #tech #accounting #procurement #finance #supplychainmanagement #engagement #tips #teambuilding #students #youth #youthprograms #india #uae #organization #business #services #technology #technologyleadership #techcareers #smebusiness #sme #hr #hris #hrconsulting #hrd #procurement #procurementexcellence #procurementsolutions #procurementtechnology #procurementmanagement #procurementexperts

Is There a Talent Shortage in Procurement❓ During my early days in procurement, the concept was new to me. I wanted to deepen my knowledge, but there were very limited resources available and they were very basic and I didn't have access to experienced procurement professionals. Due to this lack of clarity and awareness, some even chose to pursue more well-known field. The honest and real answer to this is, yes, there is talent shortage in procurement is a real issue to be solved. While historically procurement roles have been well-established in the UK, Europe etc., the field is still evolving in many other regions. Several factors contribute to this shortage: 1.  Procurement is often seen as a routine, administrative function rather than a strategic one, leading to less interest in the field. 2.  Fewer educational programs leading to fewer talents entering the workforce.   3.  Many certification programs are very basic and do not provide a comprehensive view of procurement. They often lack the depth needed to prepare professionals for the complexities of modern procurement. 4.  Fields like finance and IT often offer more attractive career paths and compensation, drawing potential talent away from procurement. 5.  There is often a lack of awareness about the strategic importance and career opportunities in procurement, resulting in fewer people entering the field. 6.  The shift from process-oriented procurement to digital-oriented procurement requires new skills. 7.  Understanding the full potential of procurement often requires significant self-directed learning and exploration, which can be a barrier for many. 8. Many experienced procurement professionals are nearing retirement, leading to a significant loss of expertise. ✅ Organizations can take several steps to build the talent, if the goal is to have a strong procurement leaders: 1️⃣ Highlight the strategic importance and impact of procurement to attract new talent. Share success stories and career advancement opportunities to change perceptions. 2️⃣ Co-create curricula with training providers to ensure realistic and up-to-date training to include both formal education and on-the-job learning experiences. 3️⃣ Use digital tools to automate routine tasks, allowing procurement professionals to focus on strategic activities. 4️⃣ Partner with universities and colleges to develop specialized programs in procurement and supply chain management. 5️⃣ Create a supportive and engaging work culture that values innovation, collaboration, and professional growth. Do you think there is a talent shortage in procurement❓ #Procurie #AI #GenAI #AItraining #AIinprocurement #Procurementtransformation

Finding Your Procurement Superhero So we know when to hire your first Procurement leader and what the reporting line could look like, but who are you looking for? The ideal candidate isn't limited to a procurement background. Here's what matters: - Operational Efficiency Expert: They understand day-to-day operations, streamlining processes and integrating procurement seamlessly. - Negotiation Ninja: They secure win-win deals with suppliers, fostering strong relationships while driving value. - Data-Driven Decision Maker: They leverage data to optimize sourcing, identify cost reductions, and measure procurement's impact. - Communication Catalyst: They clearly explain complex procurement concepts to both internal and external stakeholders, building trust and collaboration. - Strategic Visionary: They see beyond cost savings, aligning procurement with long-term goals and translating strategy into action. The Right Mindset is Key: Look for these essential qualities: - Problem Solver: They thrive on challenges, finding creative solutions. - Continuous Learner: They embrace lifelong learning, constantly seeking new knowledge and skills. - Team Player: They collaborate effectively across departments and with suppliers. - Influencer: They persuade others of the value of strategic procurement and build buy-in. Where to Find Your Procurement Gem: Expand your search beyond traditional procurement roles. Consider: - Operations Managers: Their process streamlining expertise is invaluable. - Finance with a Twist: Look for analytical finance folks who see beyond just cost-cutting. - Project Managers: Their planning and leadership skills translate well to procurement projects. By focusing on transferable skills and the right mindset, you'll unlock a world of potential for your procurement team. Your first hire doesn't need a procurement background, but they do need the drive to transform procurement into a strategic powerhouse for your company. Expand your search and find your hidden gem! #StrategicSourcing #ProcurementTransformation #Procurement

The talent shortage in Procurement & Supply chain is a significant challenge globally and in the Middle East. Recent surveys and reports highlight this ongoing issue, emphasizing the need for strategic action. World Economic Forum:- A report from the World Economic Forum in 2023 emphasized that global supply chain disruptions have exacerbated the talent shortage in procurement, making it more difficult to find skilled professionals who can navigate these complexities. Annual Third-Party Logistics Study:- The 2023 study on third-party logistics reported a significant shortage of supply chain talent, highlighting procurement as a critical area lacking skilled professionals. McKinsey & Company:- In their 2022 report on #SaudiArabia’s Giga projects, McKinsey noted that the rapid development of these projects has created a high demand for Procurement professionals, further highlighting the talent shortage in the region. Addressing the talent shortage in procurement requires a multi-faceted approach. by emphasizing the strategic importance of procurement, enhancing educational and certification programs, leveraging digital tools, and creating supportive work environments, organizations can attract and develop the talent needed to navigate the complexities of modern procurement. CIPS - The Chartered Institute of Procurement & Supply plays a pivotal role in this process, contributing through comprehensive certification programs, continuous professional development, industry partnerships, advocacy, and networking opportunities. to further address the talent shortage and reinforce the importance of procurement professionals in Construction and built industry, CIPS - The Chartered Institute of Procurement & Supply must take additional steps to educate clients and other stakeholders. Developing targeted educational programs for clients will help them understand the strategic value of procurement and the critical role procurement professionals play in business success. Engaging with key stakeholders, including senior management and board members, is essential to emphasize the importance of investing in procurement talent and the long-term benefits of a skilled procurement team. Sharing case studies and success stories can highlight the impact of skilled procurement professionals on project outcomes and organizational performance. Organizing workshops and seminars focused on the strategic aspects of procurement will showcase how procurement can drive innovation, cost savings, and competitive advantage. "Advocacy campaigns" can promote the profession and highlight the importance of continuous investment in procurement talent development. CIPS - The Chartered Institute of Procurement & Supply Sam Achampong FCIPS Alison Barto Wael Safwat, FCIPS ExDip Chartered Kobu Kotaraju MBA, FCIPS (Chartered), PMP® CPSM, CPSD

Are you an ambitious procurement professional? Then you will know there is nothing more frustrating than feeling as if you’ve hit a career glass ceiling. You know, that feeling when it’s clear that your organisation has not or cannot provide you with any opportunities for progression, and that you might just be stuck doing exactly what you’re doing forever! What should you do? 🤔 Here’s the #1 thing that you’re most likely doing wrong…and some tips on how to do things a little differently. To read 👉 https://lnkd.in/gXAnXkmP #procurement #procurementcareer #procurementadvice #procurement2024