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ServiceNow introduces Procurement Service Management
ServiceNow , a leading digital workflow company making the world work better for everyone , has introduced its new Procurement Service Management ( PSM ) solution to help transform procurement across the enterprise and speed up delivery times for simpler sourcing tasks through digitisation and self-service .
Loegering , Vice President of Product Management , ERP Solutions , ServiceNow . “ Our solution refocuses procurement teams on strategic activities by redirecting simple tasks to self-service options – across the complete procurement life cycle .”
Procurement modernisation is a priority for organisations looking to digitally transform operations and redirect resources to more strategic activities , while also improving supplier collaboration with more connected , interactive experiences .
Yet a recent analysis from ServiceNow indicates that only about half of requests to procurement teams are focused on procuring goods and services . The new Procurement Service Management solution addresses this by digitising lower-value tasks so teams can focus on the work that matters most and deliver the highestvalue outcomes .
“ Procurement Service Management from ServiceNow brings unique capabilities to the market by simultaneously streamlining processes for procurement teams and giving regular employees more ways to problem-solve , quickly and easily ,” said Kirsten
Unlocking the triple returns from social , tech and green jobs
New insights and initiatives at the World Economic Forum ’ s
Annual Meeting 2022 seek to launch a jobs recovery to strengthen resilience and dynamism in economies , businesses and societies in the midst of a turbulent outlook .
Investing in education , health and care jobs can yield a triple dividend – boosting economic activity , expanding employment opportunities and generating social mobility .
New modelling of the US economy suggests that investing US $ 1 in social jobs would yield a US $ 2.3 return . The model estimates that US $ 1.3 trillion in the social jobs of tomorrow could unlock US $ 3.1 trillion in GDP returns and create 11 million jobs by 2030 .
These jobs include 4.2 million teaching jobs , 1.8 million jobs for personal care and service workers and 900,000 jobs in healthcare . These are the key findings of the World Economic Forum ’ s new report Jobs of Tomorrow : The Triple Returns of Social Jobs in the Economic Recovery , published at the World Economic Forum Annual Meeting 2022 .
The report finds that the associated increases in productivity , increased GDP and tighter labour markets will lead to a parallel increase in real wages . Aided by technology and better skills , the jobs of tomorrow have the potential to lift living standards globally . After more than two years of turmoil in the global economy and a continued uncertain outlook , leaders need to support workers in pivoting towards a future which works for everyone .
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