Four trends to look out for at ProcureEX Ireland this year
Softcat’s Rachel Clay, Head of Education, looks at what visitors can expect this year around the latest trends, innovations and best practices in procurement.
ProcureEX Ireland is just round the corner and will bring together procurement professionals, suppliers and experts from various industries and sectors.
There are several expected trends that are likely to shape the discussions and presentations at the event. In this blog, we will explore some if the expected trends for ProcureEX Ireland.
1. Digital Transformation in Procurement
Digital transformation is no longer a new concept but is still a critical trend that will shape procurement in 2023 and beyond. Procurement professionals are expected to continue leveraging technology to streamline their procurement processes and drive efficiencies. The adoption of cloud-based solutions, automation, and artificial intelligence will be key drivers of digital transformation in procurement. These technologies will enable procurement teams to automate manual tasks, reduce errors and improve accuracy of their data.
2. Sustainability and Responsible Procurement
Sustainability and responsible procurement are becoming increasingly important for businesses across all industries. Procurement professionals are expected to play a more significant role in driving sustainable and responsible practise across the supply chain. This includes the adoption of sustainable sourcing practises, wate reduction and mitigating environmental risks.
3. Supply Chain resilience
The COVID-19 pandemic highlighted the importance of supply chain resilience. Procurement professionals are now expected to continue focusing on building resilient supply chains that can withstand disruptions and mitigate risks. This includes diversifying the supply chain, improving visibility, and strengthening supplier relationships.
4. Talent Management in Procurement
Talent Management is becoming increasingly important for procurement teams. As the profession becomes more strategic, procurement professionals need to have a broader range of skills, including business acumen, strategic thinking, and stakeholder management. Procurement leaders are expected to continue investing in talent development and upskilling their teams to meet the evolving demands of the profession.
Softcat will be attending ProcureEX Ireland, at Royal Dublin Society, Dublin on 26 April 2023