April 16, 2025

The Technology Ecosystem Evolution Procurement technology has evolved from isolated point solutions to comprehensive ecosystems that address the entire source-to-pay process. Procurement technology trends highlighted in The Hackett Group’s 2025 Procurement Agenda and Key Issues Study reveal significant investment in this ecosystem, with technology spend projected to increase by 5.6% in 2025—far outpacing growth in […]

Cost reduction has reclaimed its position as procurement’s top priority in 2025. According to The Hackett Group’s 2025 Procurement Agenda and Key Issues Study, “improving spend cost reduction” ranks as the #1 objective for procurement organizations, reinforcing procurement’s traditional core value proposition in an uncertain economic environment. This renewed focus signals a major shift toward more