Happy New year!
Think of this as more than just a newsletter—it’s a growing network of people who care about making procurement smarter, more impactful, and more collaborative.
Thank you for being here. We’re excited to have you with us on this journey! Whether you’re here to discover new trends, pick up actionable tips, or connect with like-minded professionals, you’re in the right space.
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The Procurement Space team |
📬 New blog post | New Year Planning -  January’s fresh start is perfect for procurement teams, even if their fiscal year isn’t ending. Use this time to review progress, align with organizational goals, evaluate market trends, and refresh strategies. Build flexibility, strengthen supplier ties, and plan for team growth to seize this natural reset point. |  |
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Jade Wigmore |
📰 Procurement news | Get Ready for the UK's New Procurement Rules -  The UK's Procurement Act 2023 is set to overhaul public sector purchasing from 24 February 2025. Aimed at simplifying processes, boosting transparency, and fostering innovation, the new regulations will impact all new commercial agreements. Public sector bodies should start preparing now to ensure a smooth transition. Open Access Government |
| Top 6 Procurement Trends to Watch in 2025 - Â As 2025 approaches, procurement leaders should focus on digital transformation, sustainability, supplier diversity, risk management, data quality, and the evolving role of Chief Procurement Officers to navigate challenges and seize opportunities. Consultancy.eu |
| CPOs: Master Carbon Reduction in 2025 - Â Chief Procurement Officers in FMCG should assess their carbon reduction strategies for 2025. Key steps include evaluating current supply chain performance, aligning with global standards like the Paris Agreement, and collaborating with suppliers to meet carbon-cutting goals. Effective resource allocation and clear communication are essential for success. Tim McManan-Smith |
| Red Sea Attacks Drive Up Freight Rates - Â Ongoing Houthi attacks on vessels in the Red Sea have led to significant disruptions in shipping routes, causing many carriers to divert around the Cape of Good Hope. This has resulted in increased transit times, higher fuel costs, and a surge in ocean freight rates, impacting global supply chains. Eps news |
| Transforming Procurement: Why Invest in ProcureTech for 2025 - Â As 2025 approaches, investing in procurement technology (ProcureTech) is essential for enhancing efficiency, reducing costs, and improving supplier collaboration. Advanced tools, including AI, automate tasks and provide data-driven insights, leading to faster turnaround times and more agile supply chains. To secure stakeholder buy-in, focus on metrics like risk reduction, shorter procurement cycles, and cost savings. Sharing success stories from similar organizations can further strengthen the case for digital procurement solutions. Spend Matters Editorial |
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