As we step into the New Year, we take a moment to reflect on the dynamic shifts and milestones that defined procurement last year. From embracing sustainability as a core value to accelerating automation for efficiency, and strengthening risk management to ensure resilience, procurement professionals have been at the forefront of change.
In this edition, we capture the highlights, lessons learned, and key moments that defined the procurement landscape in 2024. Let’s look back, reflect, and set our sights on an even more impactful 2025.
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In 2024, while organizations strived to meet their sustainability goals, addressing Scope 3 emissions also became a central priority for them. Consequently, organizations are looking at embedding sustainability into sourcing strategies, fostering supplier collaboration, and driving transparency to turn supply chains into powerful tools for climate action and measurable impact.
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2024 was a breakthrough year for Source-to-Pay automation, with organizations deploying AI and automation to optimize workflows, enhance visibility, and enable real-time decision making. Procurement teams shifted from reactive to strategic, achieving cost savings and supplier efficiencies.
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Article
In 2024, organizations strengthened risk management with advanced tools and proactive mitigation measures, improving visibility. Looking ahead, AI and predictive technologies will elevate resilience to new levels in 2025.
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