Recent years have highlighted the indispensable role of procurement in value creation. As we look ahead to the trends of 2024 and beyond, we see that procurement can make an even more critical contribution. The world experienced significant turmoil between 2020 and 2023: supply chain disruptions, geopolitical tensions, technological advances, changing consumer needs, new sustainability commitments and more. These changes are not temporary but structural, ushering in a new economic era characterized by volatility, regionalization of supply chains, dominance of AI and scarcity of talent.
The new environment
To succeed in the new environment, organizations are now integrating agility, technology and innovation into every aspect of their value chains. The visibility of these movements is obvious, but their long-term success depends on a much less obvious action: changing what the organization buys, whether it is raw materials that meet new environmental standards or analytical talent that can identify what companies value most.
At Xentys, we understand the critical role of procurement in today’s dynamic marketplace. Our expertise in connecting top professionals with procurement vacancies enables us to support organizations in navigating these changing times. We offer not only recruitment and selection, but also interim solutions for your procurement needs. Find out how we can help shape your procurement strategy in line with current trends by exploring our services.
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Four megatrends shaping the future of procurement
- An increasingly multi-polar world: The interconnectedness of global value chains is being challenged. Procurement leaders are therefore shifting their focus from just cost improvement to resilience and support for companies adapting to volatile market conditions.
- Advances in AI and Machine Learning: These can quickly extract deep insights from previously unstructured data. Procurement can make a crucial contribution by improving spending transparency and taking advantage of movements in supplier markets.
"Sustainability and procurement are inextricably linked. By purchasing smartly and strategically, organizations can not only benefit financially, but also contribute to a better world."
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Project Procurement in the Machine Building Sector
- Demographic shifts: Shrinking workforce and rising skills shortages are intensifying competition for digital talent. The task for procurement departments is to attract and nurture candidates with the analytical skills and data competency needed to unlock value from agile ways of working and digital business models.
- Moving to lower emissions: Procurement can take the lead in minimizing emissions in the value chain, securing green materials in high demand and managing the capital expenditures needed to achieve net zero.
At Xentys, we understand the importance of these trends and how they can transform the procurement function. Our role in connecting companies with the right procurement professionals is crucial in this time of change. Find out how we are shaping the future of procurement by checking out our insights and job postings through our news page.
Find a buyer through xentys
At xentys, your experienced procurement recruitment agency, we are happy to help you find the right professional for your procurement team. Send a message today and strengthen your purchasing department.
To ‘Procurement 2030’
In an era defined by volatility, procurement faces the imperative to reinvent itself with a new vision and new capabilities to help companies through the coming storms. At Xentys, we support this transformation by not only connecting the right talent with our clients, but also by providing a platform for knowledge sharing and development. Visit our procurement wiki for more information and to join the discussion on the future of procurement.
In this new economic era, it is clear that procurement plays a key role. At Xentys, we are dedicated to supporting your business through these changes with our specialized services and deep industry knowledge. Let’s work together to shape the future of procurement and take your organization to the next level.
News
Sustainable Procurement: A Necessity for the Dutch Market
In today’s business world, sustainable procurement has changed from a “nice to have” to an absolute “must have. This concept, which seeks to meet a company’s needs for goods or services while minimizing its impact on the environment, is indispensable for companies seeking to increase their acceptance with current and
The Future in Procurement: Creating Value Across the Supply Chain
Recent years have highlighted the indispensable role of procurement in value creation. As we look ahead to the trends of 2024 and beyond, we see that procurement can make an even more critical contribution. The world experienced significant turmoil between 2020 and 2023: supply chain disruptions, geopolitical tensions, technological advances,
Procurement versus Purchasing: The Key Differences Explained
In today’s business environment, it is essential to make a clear distinction between procurement and purchasing. Although these terms are often used interchangeably, they represent two different financial systems with their own objectives and processes. Understanding this distinction is crucial to a company’s success, especially in a market like the
Procurement in 2024: Five Essential Strategies for Maximum Savings
In a world where the procurement industry is evolving faster than ever before, xentys is at the forefront of supporting professionals and organizations in the Netherlands in this transformation. Inspired by Simfoni’s recent webinar“Rethinking Procurement: Capturing & Realizing Savings in 2024,” we share five crucial insights that not only shape
