Businesses today find themselves at a decisions crosspoint in the global job market. Post pandemic, as one would expect, the job market has been left with a growing number of vacancies across all sectors and geographies, and many firms still struggle to fill them.

Procurement is a critical function in any business, responsible for sourcing and managing the goods and services necessary for an organization to operate effectively.

In the world of procurement, the only constant is change. However, over the last five years, organizations have faced more change than usual.

Each week our analysts turn their eye to the procurement tech trends they are observing in the marketplace. This week, we discuss a growing need for, and evolution of, contract analytics and ‘actionable insights.’

Each week our analysts turn their eye to the procurement tech trends they are observing in the marketplace. This week we discuss the growing use of blockchain by solution providers.

Over the last couple of quarters, suppliers have been asking for price increases (and they just keep coming)… Rising material prices, fluctuating exchange rates, and higher logistic costs – have recently been the typical culprits.