Cybersecurity, GEN AI, and the Low Code Revolution for Procurement
✨ Procurement Legends Newsletter
✨ Procurement Legends Newsletter
Your friendly roundup of the latest in procurement trends, tech, and strategy – because legends stay informed!
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👋 Hello, Procurement Legends!
Welcome to this week’s issue! We’ve rounded up the top stories in procurement, covering everything from low-code tech and AI-driven compliance tools to sustainability and cybersecurity. Settle in, grab your coffee ☕, and get ready to level up on the latest industry shifts and insights.
Some of these are old but gold.
This is a reminder that all of our content is free. But if you fancy contributing to my coffee fund, which fuels my research and writing, you can become a member here.
Before we get to the curated list this week we’ve been adding new video content to the World of Procurement YouTube channel. We now have 7000+ subscribers which is wild and we’re growing every day. Make sure you’re one of them.
I’ve got you covered with 5 big challenges you need to solve.
Watch this!
MUST WATCH if you had DPW FOMO
🚀 Trend Spotting: Technology That’s Shaping Procurement
1. Low-Code Platforms – Speed Meets Simplicity
Low-code platforms are the new go-to for agile procurement! These user-friendly solutions allow teams to quickly customise processes without heavy IT support, helping you stay adaptable and responsive. It’s a win for speed and simplicity, bringing procurement closer to business needs with minimal coding expertise required.
2. Cybersecurity Takes Center Stage 🔒
Procurement’s digital transformation brings new security challenges, and protecting sensitive supplier data is now a top priority. With tools like data encryption and shadow IT management, teams can shield their processes from cyber risks, maintaining trust and operational continuity. Feeling secure yet?
3. Generative AI: The Game Changer in Procurement
AI isn’t just a buzzword—it’s revolutionising procurement by transforming risk management, supplier evaluations, and predictive modelling. Generative AI tools offer insights into supplier reliability, helping procurement teams navigate risk with confidence. Do these still hold value as we come into 2025?
4. AI-Powered Sourcing for Instant Efficiency
I’m seeing a lot of conversations about sourcing automation.
AI sourcing platforms aren’t just efficient; they’re giving companies a competitive edge. These platforms streamline the sourcing process, boost compliance, and deliver cost savings, freeing teams up to tackle high-value projects.
Or at least this is what the marketing tells us. I’m still optimistic that this is the direction of travel.
📋 Regulatory Radar: Staying Compliant and In Control
5. Contract Management Gets a Regulatory Upgrade
New regulations underscore the importance of transparency and risk assessment in procurement. From vendor performance tracking to robust risk management, regulatory best practices keep procurement compliant and resilient.
Any that you’re focused on right now?
6. Compliance Tools That Catch Risks in Real-Time
Imagine knowing about potential compliance issues before they become costly problems. Today’s AI-driven compliance tools actively monitor procurement activities, helping you stay ahead of regulations and avoid fines. Proactive compliance is officially here!
PS. We do this at Gatekeeper. Book a demo here and tell them I sent you from this newsletter.
🌱 The Risk and Resilience Report
7. The Sustainability Factor – Green is Here to Stay
Sustainable sourcing is rising in priority! Stakeholders are watching closely, but only 48% of companies have transformation plans in place. If you’re among the 52% without, it might be time to up your green game.
8. Bridging the Procurement Skills Gap 🧑💼
Procurement roles are more tech-driven than ever, and the skill shortage is widening. Upskilling is critical as teams face growing demands for digital expertise—this is the moment to invest in your team’s future capabilities.
I like Sean, I missed this at the start of the year. It’s not going away and was discussed at DPW Amsterdam.
🔍 Data Matters
9. Data Transparency – No More Blind Spots
With data scattered across systems, achieving full transparency is a challenge. Procurement leaders are tackling fragmented data sources to improve real-time insights and boost inventory management.
What’s your current approach?
That’s a Wrap! 🎉
Whether through innovative tech, regulatory updates, or risk management strategies, staying ahead is the name of the game. We’ll return next week with more insights to keep you ahead of the curve!
Got feedback, questions, or a procurement win to share? Hit reply – we’d love to hear from you!
Until next time,
Daniel, from the Procurement Legends Team