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The Outlook for Procurement in 2017 and Beyond – Global Supertrends and Their Implications

The political and economic changes witnessed in 2016 will continue to have far-reaching effects on global businesses in 2017 and beyond, according to GEP’s recently published annual Procurement Outlook report. Uncertainty in the global economic and business environment could result in lower investments and dampen the overall global economic growth. In addition, the lack of international consensus on climate change is another possibly destabilizing factor.

Purchasing vs Procurement – What’s Really the Difference?

When does purchasing become procurement and when is procurement actually just purchasing?  Are the two terms not simply interchangeable?

We can begin with some standard definitions:

Purchase:  to obtain something by paying for it.

Procurement: the action of obtaining or procuring something.

Set Your Procurement Process to “Automatic”

How should procurement software be? Complex, with a number tools and functions, or easy to use but with limited functionality? This is the challenge that procurement technology developers face today - designing procurement software that’s powerful and effective, as well as easy-to-use and intuitive.

Clear the Decks! Technology Transformation Is on Its Way

Smartphones, tablets, and ubiquitous internet connectivity are changing the way we work and do business. Add to this the power of cloud computing, and a new mobile revolution is on its way. While the devices have evolved rather quickly, is your procurement team ready to make this transition yet?

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