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86% of UK businesses face barriers developing digital skills in procurement

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The study found that 88% find it challenging to hire the right digital skills to work with technologies such as AI, cloud-based platforms or data analytics, while 76% say they are concerned that existing procurement teams will struggle to work with new technologies.

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More than half of European suppliers say procurement teams aren’t enforcing standards for responsible labour

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This means collaborating with immediate suppliers – as well as their suppliers’ suppliers – to drive long-term positive change. To download the Ivalua 2021 Responsible Labour Report, “Combatting unethical labour: How organisations can collaborate with suppliers to uphold working standards”, please visit.

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How Smart Procurement Software Can Help UK Companies Overcome the Digital Skills Shortage

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The study found that 88% find it challenging to hire the right digital skills to work with technologies such as AI, cloud-based platforms or data analytics, while 76% say they are concerned that existing procurement teams will struggle to work with new technologies. About the study.

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CTA

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Procurement’s Role in Sustainability White pointed out that Procurement teams have a big role to play in helping businesses address inflation and determine countermeasures, while meeting sustainability requirements and goals. Our intent was to have a place where stakeholders could collaborate efficiently,” Roach said. “As

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The Opportunity — and Challenges — for Digital Transformation in MENA

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These solutions also improve collaboration among organizations and suppliers, and enable procurement teams to leverage data analytics to optimize contract negotiations, payments, buying patterns and more. Download our whitepaper, The Digital Transformation Opportunity for MENA Supply Chains , for a deep-dive on this topic.

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Supplier Risk and Performance Management

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In order that sourcing and procurement teams fully optimize their supplier network, there needs to be a change in the way organizations view all suppliers. Drive collaboration and leverage suppliers to drive innovation. Set expectations for performance measures and establish collaboration mechanisms.

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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

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Yet today’s Procurement organizations are plagued with inefficient processes, poor supplier stakeholder collaboration and data silos. This is largely due to a lack of collaboration within the enterprise, as well as with partners and suppliers, which has a negative impact both on revenue and customer satisfaction.”.