Procurement Technology & Market News

Jul 06, 2026

H&Z Group Expands Procurement Technology Capabilities With Jupitos Acquisition

H&Z Group has acquired procurement digitalization specialist Jupitos to strengthen its end-to-end procurement transformation, Ivalua implementation, and AI-enabled procurement capabilities, expanding its expertise across strategy, technology, and execution.

Jun 30, 2026

Oracle Helps Supply Chain Leaders Navigate Growing Complexity

Oracle has expanded its Fusion Cloud Supply Chain Management portfolio with new agentic AI applications that enable procurement and supply chain teams to automate critical workflows, improve supplier qualification, strengthen operational resilience, and make faster decisions in an increasingly volatile business environment.

Jun 30, 2026

Sourcing Connections Partners With Cambree To Strengthen Sustainability Data Foundation

Sourcing Connections has partnered with Carbmee to integrate advanced environmental intelligence into procurement, helping organizations across the GCC strengthen carbon data management, accelerate supply chain decarbonization, and meet evolving sustainability regulations.

Jun 30, 2026

Amazon's AI Investment Will Support Procurement In India

Amazon has announced an additional US$13 billion investment in India's AI and cloud infrastructure, reinforcing its long-term commitment to strengthening procurement, logistics, and digital capabilities while supporting the country's growing technology ecosystem.

Jun 23, 2026

Kraft Heinz Reconfigures Procurement For Global Growth

Kraft Heinz has announced a major organizational restructuring that brings procurement and supply chain together under one global function. The move is designed to improve collaboration, strengthen supply chain resilience, and support long-term global growth.

Jun 21, 2026

China Bans Government Procurement From 46 US Companies

China's Ministry of Finance has banned government procurement of products manufactured by 46 US defense companies, reinforcing its response to ongoing geopolitical and trade tensions while reshaping procurement policies for public sector purchases.

Jun 21, 2026

The Honeywell Split Reshaping Procurement Contracts

Honeywell’s planned separation into independent businesses is creating significant implications for procurement and supplier management, requiring contract reviews, supplier realignment, and new sourcing strategies across the organization.

Jun 21, 2026

Nestlé Opens $330 Million Distribution Center In California

Nestlé USA has launched a $330 million distribution center in Arvin, California, featuring advanced automation, digital technologies, and sustainability initiatives designed to improve supply chain agility, resilience, and operational efficiency.

Jun 19, 2026

Schneider Electric Leads in Gartner's 2026 Supply Chain List

Schneider Electric has once again been named the world's leading supply chain organization in Gartner's 2026 Global Supply Chain Top 25 rankings, highlighting its success in AI-driven orchestration, workforce transformation, and supply chain innovation.

Jun 18, 2026

UK Government Procurement To Prioritize National Security

The UK government has unveiled new procurement guidance requiring public sector buyers to prioritize national security and supply chain resilience alongside value for money, marking a significant shift in how the country's £400 billion procurement budget will be used.

Jun 11, 2026

Uber Canada Backs Indigenous Procurement Marketplace

Uber Canada has joined the Mercateo Unite procurement marketplace, enabling businesses and public sector organizations to procure Uber for Business services through a centralized digital procurement platform, streamlining purchasing and supplier management.

Jun 10, 2026

Inflation Jumps 4.2%, Spurred By War-Induced Surge In Energy Prices

A surge in energy prices caused by ongoing geopolitical conflict has pushed inflation to 4.2%, increasing cost pressures across industries and forcing procurement leaders to reassess sourcing strategies, supplier relationships, and cost management initiatives.

Jun 04, 2026

UNDP Strengthens Public Procurement Skills Among Government And Partner Institutions In Kazakhstan

UNDP has launched initiatives to strengthen public procurement skills among government officials and partner institutions in Kazakhstan, helping improve procurement efficiency, transparency, compliance, and sustainable procurement practices across the public sector.

May 31, 2026

Saudi Arabia Implements 70% Localization In Procurement Professions

Saudi Arabia’s ministry of human resources and social development has expanded Saudization requirements across 12 procurement, logistics, warehousing, and e-commerce professions. The initiative aims to increase employment opportunities for Saudi nationals, strengthen workforce participation, and support the Kingdom’s long-term labor market objectives.

May 31, 2026

Vertice Acquires Vendr: The Future Of AI Procurement

Vertice has acquired Vendr, bringing together extensive software pricing intelligence, procurement expertise, and AI-powered procurement capabilities. The combined platform will leverage more than $75 billion in indirect spend data and hundreds of thousands of negotiated contracts to enhance procurement decision-making and autonomous negotiations.

May 20, 2026

Pivot Raises $40m In Series B Funding To Strengthen Its Enterprise AI Operating System

Pivot, the AI operating system for procurement, has raised $40 million in an oversubscribed Series B round led by Forestay Capital and Notion Capital, bringing total funding since its 2023 founding to $70 million. The capital will accelerate agentic AI development and enterprise market expansion across its 25-country footprint.

May 20, 2026

UK CMA Recommends Overhaul Of Road And Rail Procurement To Cut Costs

The UK's Competition and Markets Authority has called for systemic changes to the way road and rail infrastructure projects are planned and procured, concluding that fragmented decision-making, funding uncertainty, and short-term procurement practices are contributing to inefficiencies in infrastructure delivery.

May 11, 2026

Basware Invoice Lifecycle Management Goes Live On SAP Store

Basware today announced that Basware invoice lifecycle management for SAP Cloud ERP is now available on SAP Store. More than 650 SAP customers, including Heineken, Danone, Engie, and Cummins, are already running Basware’s invoice lifecycle management.

May 07, 2026

P&G Shifts Supply Chain 3.0, Other Platforms Into Large-Scale Rollout

Procter & Gamble is expanding its digital supply chain platform across more than 30 business functions as part of a large-scale transformation initiative designed to improve operational efficiency, visibility, and decision-making across its global network.

May 04, 2026

FedEx And ServiceNow Expand Strategic Collaboration With New AI-powered Supply Chain Solution

FedEx and ServiceNow have expanded their partnership to introduce an AI-powered supply chain solution that combines real-time logistics intelligence with automated procurement and workflow management.

May 03, 2026

Finland Joins Ukraine's Corpus Arms Procurement Group

Finland has joined the Coalition for Resilient Procurement and Unified Support (Corpus), a multinational initiative led by Ukraine that seeks to strengthen defense procurement coordination, improve supply chain resilience, and enhance cooperation among participating countries.

Apr 27, 2026

Amazon Web Services Unveils Agentic AI Supply Chain Tool

AWS launches Amazon Connect Decisions, an agentic AI planning and intelligence solution that helps supply chain teams become more proactive in operations by combining 30 years of Amazon's operational experience with 25+ specialized supply chain tools.

Apr 26, 2026

Non-Opioid Pain Management Company Pacira Biosciences Selects GEP Procurement Software For Its Spend Analysis

Pacira Pharmaceuticals will deploy GEP's AI-native spend analysis software to improve indirect spend visibility, identify savings opportunities, and strengthen financial control across the enterprise.

Apr 23, 2026

Real Estate Master Developer Arada Selects GEP Software For Source-to-Pay Operations

Apr 23, 2026

New York Launches Fresh Renewables Procurement

The New York State Energy Research and Development Authority (NYSERDA) has launched a new renewable energy solicitation aimed at advancing mature wind, solar, and hydroelectric projects. The initiative seeks to accelerate clean energy deployment, support grid reliability, and leverage available federal incentives to reduce costs for consumers.

Apr 06, 2026

Gartner Forecasts Supply Chain Management Software With Agentic AI Will Grow to $53 Billion In Spend by 2030

Gartner predicts that supply chain management (SCM) software powered by agentic AI will grow from under $2 billion in 2025 to $53 billion by 2030. The report highlights how AI assistants and autonomous AI agents are transforming supply chain operations by automating workflows, improving decision-making, and enabling scalable orchestration across enterprise ecosystems.

Apr 01, 2026

Supplier.io Acquires TealBook, Connecting Supplier Intelligence And Enterprise Data Management

Supplier.io has acquired TealBook, a leading provider of vendor master data management technology, to create a unified supplier data platform. The acquisition strengthens Supplier.io’s new Atlas solution, combining supplier intelligence with data cleansing, legal entity resolution, and supplier master data management capabilities.

Mar 11, 2026

Next‑Gen SAP Ariba Is Here: Building the Foundation for Intelligent Procurement

SAP has launched the next-generation SAP Ariba Foundation to create a unified procurement ecosystem that connects procurement data, supplier information, workflows, and AI-driven insights. The platform aims to improve visibility, collaboration, and decision-making across procurement operations.

Mar 03, 2026

Auditors Flag Procurement Concerns, Hiring Practices At Worcester County Public Schools

A recent Maryland legislative audit found several concerns within Worcester County Public Schools, including questionable procurement activity referred to the State Prosecutor, incomplete employee screening procedures, unsupported contractor payments, and weaknesses in financial oversight. The school district has agreed to implement corrective measures.

Mar 01, 2026

The Procurement Impact In Wake Of Hormuz Closure

Rising tensions between the United States and Iran are creating significant ripple effects across global supply chains, prompting organizations to strengthen resilience, diversify suppliers, and rethink procurement strategies in response to growing geopolitical risks.

Feb 23, 2026

The Swedish Fund Selection Agency Announces Award Decision In The Procurement Of Actively Managed Global Equity Funds

The Swedish Fund Selection Agency has completed its procurement of actively managed global equity funds, selecting 14 funds from 12 fund managers to enhance the quality, sustainability, and cost-effectiveness of Sweden's premium pension system.

Feb 15, 2026

Mankind Pharma Completes Global Supply Chain, Procurement Overhaul With Accenture

Mankind Pharma has completed a multi-year transformation of its global supply chain and procurement operations with Accenture, integrating AI-driven planning, advanced analytics, and digital procurement capabilities to improve efficiency, resilience, and medicine availability across more than 25 international markets.

Feb 14, 2026

Weekly Report: Global Procurement, Autonomous Warfare, And the AI Frontier

The weekly defense industry report provides an overview of major defense procurement programs, military modernization initiatives, strategic partnerships, and emerging defense technologies shaping the global security landscape.

Jan 22, 2026

Trade Bodies Urge Changes Over New Procurement Reforms To Boost Standards

UK construction trade bodies are urging the government to amend new procurement reforms, arguing that stronger measures are needed to improve standards, ensure fair competition, and enhance accountability across public sector projects.