January 10, 2025
The Sustainable Design Forum – a one-day interactive event designed specifically for workplace designers and specifiers – is returning to the Crypt on the Green in Clerkenwell, London for its third year on Thursday 25th April 2025. With a focus on ‘People and Planet’, this year’s event has been expanded to include additional workplace topics. More →
January 6, 2025
Flokk, one of the leading seating and furniture makers in Europe, has announced its expansion in the United States with the establishment of Flokk US. As part of this strategic expansion, the firm has appointed a new leadership team to oversee North American operations, including Frederik Fogstad as Chief Executive Officer, Randi Pastrovic as Chief Creative Officer, and Rich Oliver as Chief Commercial Officer. This new team are tasked with ensuring each brand within the business’s portfolio retains a distinct identity while advancing the firm’s growth in the North American market. More →
December 19, 2024
Now a firm fixture on the design event calendar, Workspace Design Show has revealed the first raft of names who will make up its speaker programme for the upcoming edition in February 2025. Once again bringing the commercial interior design industry’s most inspiring and creative leaders together, the Workspace Design Talks programme features senior figures from architecture and design such as Alessandro Ranaldi, Partner, Head of Workplace Consultancy, Foster + Partners; Helen Berresford, Head of ID:SR at Sheppard Robson and Adrienne Lau, Senior Associate, Heatherwick Studio, Cristiano Testi, Principal Director, tp bennett, and Angela Bardino, Senior Associate Director – Interiors, Jacobs. More →
December 18, 2024
NETGEAR, the provider of award-winning connected products designed to simplify and improve people’s lives, has expanded its unlocked 5G mobile router lineup with the launch of the NETGEAR Nighthawk® M3 Mobile Hotspot Router (MH3150). The new product meets the growing demands for accessible and powerful WiFi coupled with advanced security features anywhere, anytime. More →
December 18, 2024
Boostworks, a leading provider of employee reward and recognition, benefits delivery and wellbeing solutions, today announced that it has been selected as the benefits provider for iON Ambulance Care, trading as Tricorder Care. With over 180 dedicated professionals working across its five sites, iON ‘s goal is to significantly enhance employee engagement and retention by implementing a comprehensive benefits platform tailored to the unique needs of its frontline workforce. More →
November 7, 2024
The Workspace Design Show (26 – 27 February 2025, BDC, London) has announced the launch of the “Workspace Wellbeing Hero” initiative, recognising and celebrating exceptional individuals in the workspace design industry who go above and beyond to support the wellbeing of others through acts of kindness and resilience in their work environments. This initiative shines a spotlight on those who make a tangible difference in workplace culture through selflessness, compassion, and perseverance. More →
October 29, 2024
Offering a comprehensive employee benefits package is more important than ever, and Drewberry’s 2024 Employee Benefits And Workplace Satisfaction Survey found that a fifth of employees want insurance to protect their loved ones. But with so many products out there, and terms like “Group Income Protection” and “Critical Illness Cover” making many people’s eyes glaze over, it can be hard to determine the right product for your people – and what they really offer. More →
October 15, 2024
More than two-thirds of UK adults believe that retiring in their 60s will soon be a thing of the past, according to new research from Canada Life. The findings, released in the company’s inaugural Life100+ report [promotional content], claims to highlight shifting expectations as people prepare for longer lifespans, with retirement plans and financial security becoming major concerns. More →
October 15, 2024
The Design Guild Mark has opened entries for the 2025 edition, inviting designers and companies to submit entries for three categories: furniture, lighting and interior elements. Entry is open to British designers working in the UK or abroad, and designers with UK based design practices. The Design Guild Mark is a non-profit award programme that was established in 2008 by The Furniture Makers’ Company to raise the profile of British industrial design and to recognise excellence in this discipline. More →
October 1, 2024
Our friends at comms specialist Magenta Associates have announced that the business is now owned by its employees. The company has set up an Employee Ownership Trust which owns the majority of the business. The trust will be led by five trustees to ensure the management team is running the business in the best interests of the employees. Magenta was set up in 2011 by Cathy Hayward, the former editor of FM World (now Facilitate) and FMJ magazine who spotted a gap in the market for a PR agency specialising specifically in facilities management. More →
September 26, 2024
In recent years, procurement has transformed from a back-office function to a strategic driver of business value. As global supply chains become more complex and businesses strive for greater efficiency, sustainability, and agility, the future of procurement is set to change even more dramatically. Technological innovations, data-driven insights, and a shift in priorities are reshaping the way organizations manage their sourcing, purchasing, and supplier relationships.
This article explores the future of procurement, focusing on the trends, technologies, and strategies that will define this critical business function in the coming years.
One of the most significant trends shaping the future of procurement is digital transformation. Traditional procurement processes, which were often manual and time-consuming, are being replaced by automated, digital solutions. Technologies such as artificial intelligence (AI), machine learning, robotic process automation (RPA) are streamlining procurement workflows, enhancing transparency, and improving decision-making.
Artificial Intelligence (AI) and process orchestration are transforming procurement by streamlining complex tasks and improving overall efficiency. As highlighted in Tonkean’s blog, AI can eliminate time-consuming manual work like managing approvals, chasing stakeholders, and navigating complex systems. The use of AI-powered orchestration allows procurement teams to unify systems, automate routine tasks, and facilitate collaboration. This leads to faster cycle times, better process adoption, and more time for high-value strategic work, ultimately positioning procurement as a key business partner.
Key Areas of Digital Transformation:
– Automation of Routine Tasks: Tasks like purchase order creation, invoice processing, and supplier matching can now be fully automated, allowing procurement professionals to focus on more strategic initiatives.
– AI-Driven Insights: AI can analyze vast amounts of data to identify trends, predict demand, and assess risks, enabling more informed decision-making.
Impact:
The adoption of digital technologies will lead to faster procurement cycles, reduced errors, and significant cost savings. Procurement professionals will need to adapt to new tools and skills, such as data analytics and AI-powered decision-making, to remain competitive.
Data is becoming the new currency in procurement. With the vast amount of data now available through various channels—supplier data, market trends, and performance analytics—procurement teams have the opportunity to make more strategic decisions. Advanced analytics tools are enabling organizations to turn raw data into actionable insights, optimizing procurement strategies for cost reduction, risk management, and supplier performance.
How Data Impacts Procurement:
– Supplier Relationship Management: Data analytics can help procurement teams evaluate supplier performance, identify key areas of improvement, and foster stronger, more collaborative relationships.
– Risk Mitigation: Predictive analytics can forecast potential supply chain disruptions, allowing organizations to proactively manage risks such as supplier bankruptcies, geopolitical instability, or natural disasters.
– Cost Optimization: By analyzing purchasing patterns and market trends, procurement professionals can negotiate better contracts, reduce maverick spending, and ensure cost savings across the board.
Impact:
The ability to harness and analyze data will be critical for the future of procurement. Organizations that leverage data to drive decisions will be able to build more resilient and cost-efficient supply chains.
As consumers, investors, and regulators increasingly prioritize sustainability, procurement teams must align with corporate social responsibility (CSR) and environmental, social, and governance (ESG) goals. This shift means that procurement will play a central role in ensuring that businesses source goods and services from environmentally and ethically responsible suppliers.
Key Areas of Focus:
– Sustainable Sourcing: Procurement teams will need to ensure that suppliers adhere to environmentally friendly practices, such as reducing carbon emissions and minimizing waste.
– Ethical Labor Practices: Ensuring that suppliers comply with labor laws, prevent human rights abuses, and foster fair working conditions will become a priority.
– Circular Economy: Procurement will increasingly focus on sourcing products that can be recycled, reused, or repurposed, contributing to a more circular economy.
Impact:
Sustainability will no longer be optional for procurement teams. To remain competitive and compliant, procurement professionals must prioritize ethical and sustainable practices in their sourcing strategies.
In the future, procurement will shift from a transactional function to one that focuses on collaboration and innovation. Instead of simply managing suppliers, procurement teams will work more closely with them to co-create value and drive innovation. This shift will require a new approach to supplier relationships, one that emphasizes trust, transparency, and mutual benefit.
Key Changes:
– Supplier Collaboration: Rather than viewing suppliers as vendors, procurement teams will treat them as partners in innovation. This collaboration can lead to the development of new products, improved processes, and shared efficiencies.
– Long-Term Relationships: Procurement will focus on building long-term, strategic partnerships with suppliers, ensuring that both parties can innovate and grow together.
– Innovation Hubs: Some organizations may establish innovation hubs or programs where procurement teams and suppliers collaborate on research and development, bringing cutting-edge products and services to market faster.
Impact:
Collaboration with suppliers will become a competitive advantage, enabling organizations to innovate, adapt to market changes, and deliver more value to customers.
As procurement evolves, its role within the organization will become more strategic. Instead of being seen as a cost-saving function, procurement will increasingly contribute to business growth, innovation, and resilience. This shift will require procurement professionals to develop new skills and capabilities, such as strategic thinking, cross-functional collaboration, and leadership.
Key Areas for Strategic Focus:
– Procurement as a Value Creator: Procurement will move beyond cost-cutting to create value through innovation, risk management, and sustainability.
– Cross-Functional Collaboration: Procurement teams will work more closely with other departments, such as R&D, marketing, and finance, to align procurement strategies with broader business objectives.
– Leadership and Influence: Procurement leaders will need to influence key stakeholders and contribute to strategic decision-making at the executive level.
Impact:
The strategic elevation of procurement will lead to greater influence within organizations, enabling procurement professionals to drive business success through innovation, resilience, and sustainability.
Conclusion
The future of procurement is one of transformation and opportunity. As digital technologies, data-driven decision-making, sustainability, and supplier collaboration reshape the procurement landscape, professionals in this field will need to adapt and embrace new skills and strategies. By doing so, they will not only optimize procurement processes but also contribute to the long-term success of their organizations.
Procurement is no longer just about sourcing the best deal—it’s about building resilient, ethical, and innovative supply chains that drive business
September 23, 2024
Nottinghamshire based business The Workplace Depot have been getting into the groove in recent weeks by working with music licensing organisation, PPL PRS to share why playing music is important to their business. The industrial and workplace stockist based in Bingham, just outside of Nottingham, have teamed up with PPL PRS, the company who issue TheMusicLicence to businesses who use music, to create a video and Q&A about the positive effects music has on their team. More →
