techUK’s Post

💡 Innovation is reshaping procurement, and I’m excited to be at the forefront of it! 🚀 I am thrilled to announce that I’ve been invited to join the 2024 ProcureTech100 panel. I’ll contribute to the evaluation of the most innovative and customer-centric digital procurement solutions driving disruptive change. This year, I’ll also have the privilege of participating in two key panels discussing the capabilities of cutting-edge technology providers in these areas: 1️⃣ Contract & Legal 2️⃣ Strategy, Process & Performance It’s an exciting time for Procurement practitioners, and I look forward to collaborating with fellow experts as we identify and highlight the solutions pushing procurement forward! #ProcureTech100 #ProcurementInnovation #DigitalTransformation

As global regulations tighten, #SupplyChainTransparency has never been more critical. Mapping your supply network allows companies to enhance compliance, reduce risks, and ensure a steady supply of materials. Learn how e2open’s technology empowers businesses to track every component back to its source and be compliant with complex regulations at the link below! #MovingAsOne

For those of you wanting to know more about what the Procurement Act means for you - there's still time to sign up to techUK webinars this week. #bidmanagement #procurement #cpd

As global regulations tighten, #SupplyChainTransparency has never been more critical. Mapping your supply network allows companies to enhance compliance, reduce risks, and ensure a steady supply of materials. Learn how e2open’s technology empowers businesses to track every component back to its source and be compliant with complex regulations at the link below! #MovingAsOne

Over 60% of procurement leaders anticipate advancements in technology and analytics having a big impact on their operations over the next few years. Yet only 4% feel their procurement systems are highly adopted or sophisticated. Why the gap? This infographic and accompanying white paper dive deeper into the latest procurement statistics and what they mean for your team. Explore them here: https://hubs.li/Q02gY5WL0 #infographic #procurementindustry #technology

🚀 Exciting times ahead for the procurement technology sector! With the President's recent signing of the Public Procurement Bill 2024, we're on the brink of a new era in public procurement. This groundbreaking legislation is set to revolutionize how public entities acquire goods and services, bringing greater transparency, efficiency, and innovation. 💡 For the procurement technology sector, this means an unprecedented opportunity to drive transformation. Advanced procurement platforms will be essential in ensuring compliance with the new regulations, streamlining processes, and providing real-time data insights. As we embrace these changes, technology will play a pivotal role in fostering accountability and delivering value for money. 🌐 Let's seize this moment to innovate, collaborate, and shape the future of public procurement. Together, we can build systems that are not only efficient but also ethical and sustainable. The future of procurement is bright, and it's powered by technology! 🌟 #PublicProcurement #ProcurementTech #Innovation #Efficiency #Transparency #FullStackDev

🌍 Driving Change in Supplier Diversity: Overcome Challenges with Strategic Solutions 🌍 In today's global market, fostering an inclusive and diverse supply chain is not just a goal—it’s a necessity. But how do you tackle the complex challenges of supplier diversity compliance, from maintaining data accuracy to navigating regulatory landscapes? 🔹 Unlocking Data Accuracy: Discover the importance of reliable data in supplier diversity and learn about innovative strategies to enhance accuracy. From automated data collection to regular audits, ensure your information stays current and comprehensive. 🔹 Navigating Regulatory Compliance: Stay ahead of the curve with our in-depth look at supplier diversity regulations. We provide essential tips for compliance, understanding eligibility, and documentation, helping your organization meet and exceed standards. 🔹 Empowering Diverse Suppliers: Understand the hurdles that diverse suppliers face and explore actionable ways to support their growth through mentorship, financial assistance, and inclusive practices. 🔹 Leveraging Technology: See how advanced technology solutions can streamline your supplier diversity initiatives, making tracking and engagement more efficient than ever. Ready to enhance your supplier diversity strategy? Together, let’s build a more equitable and innovative business landscape. 👉 Learn more about overcoming supplier diversity challenges: [https://lnkd.in/e6nxJxET] #SupplierDiversity #InclusionInAction #BusinessInnovation #SupplyChainExcellence #DiversityInProcurement #SupplierDiversity #InclusiveBusiness #SmartSolutions #CorporateDiversity #Diversityinsupply #InclusiveBusiness #SupplierDiversity #InnovationThroughDiversity #SupplierInclusion #DiverseSuppliers #SupplierDevelopment #SupplyChainDiversity #DiversityMatters #MinorityOwnedBusinesses #WomenOwnedBusinesses #VeteranOwnedBusinesses #SmallBusinessDiversity #SupplierPartnerships #CorporateSocialResponsibility #SustainableProcurement #procurementleaders #procurement #diversity #procurementtransformation

Over 260 digital solutions have been identified as part of the Sustainable ProcureTech Ecosystem, showing that sustainable procurement is not just a trend, it's a transformation in the ethos of supply chain management, driven by legal frameworks to set new benchmarks for corporate responsibility to meet consumer and employee aspirations. This intersection of environmental consideration, legislative compliance and digitalisation is reshaping businesses globally.     The Evolution of Sustainable Procurement  As we enter a new era of corporate consciousness, sustainable procurement has shifted from a peripheral concern to a central strategy for businesses. This shift is driven by a growing recognition of procurement's role in achieving the United Nations' 17 Sustainable Development Goals (SDGs), particularly Goal 12, which calls for responsible consumption and production patterns. The majority of companies are now integrating sustainable practices in their operations, acknowledging that this process can take three to five years to mature. Business leaders are increasingly aware of their supply chain's impact on the planet and society. Digitalisation is the catalyst for change. ProcureTech #digitalprocurement #sustainableprocurement 💚💚💚 Follow ProcureTech for more digital procurement insights and innovation 💚💚💚