Remove 2008 Remove Risk management Remove Supply Chain Efficiency
article thumbnail

What are the top 10 procurement predictions for 2030?

Procurement Insights

This integration will streamline strategic sourcing, reducing cycle times and enhancing efficiency. Ensuring data security across the supply chain will become paramount, with procurement professionals playing a key role in safeguarding against cyber threats.

article thumbnail

2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement

Procurement Insights

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. CIOs recognized procurements role in optimizing IT spend and driving efficiency.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Banks Can Improve Transparency in Procurement for Better Compliance

Jaggaer

But if (as is likely) the vendor is also a customer, for example one that recently received finance for a new warehouse, the Chief Operating Officer and customer relationship managers may have other ideas. They will need to be able to work in close collaboration with internal and external auditors as well as the compliance and risk teams.

article thumbnail

CPO Spotlight: Rachel Lemos

Procurement Heads

I went to university planning to become a Diplomat, then in the second year I found myself in supply chain work, and I just fell in love with it, especially contracts negotiation. That made me very passionate about the supply chain. Could you tell us about your journey to becoming Executive Director at BC Ferries?

article thumbnail

Who Did “AI Pick” As The Best Solution Provider For LCBO?

Procurement Insights

Supporting the Liquor Control Board of Ontario (LCBO) during a rail strike requires a procuretech provider that offers strong supply chain visibility, risk management, and flexibility in sourcing and logistics. Supply Chain Visibility and Risk Management 3. Here’s why: 1.

article thumbnail

Procurement In My Lifetime: A Timeline Of Understanding (1959 to 2024)

Procurement Insights

Here are the top 3 concerns likely to dominate the agenda for CPOs in 2025: Supply Chain Resilience and Risk Management Sustainability and ESG Compliance Supply Chain Visibility Conclusion: CPOs in 2025 will need to navigate a complex, fast-changing landscape shaped by technology, sustainability, and global uncertainty.

article thumbnail

Top 5 Critical Skills Next-Gen Procurement Leaders Must Develop Now

Zycus Cognitive Procurement

According to McKinsey research , in the five years immediately following the 2008 global financial crisis, total return to shareholders for companies with top-quartile procurement capabilities was 42 percent higher than the companies whose procurement operations were in the bottom quartile. Risk management.