Business strategy Cost of ownership Supply chain resilience 
Procurement Insights
JANUARY 3, 2025
Emphasis shifted from pure cost savings to total cost of ownership (TCO) and value creation. Impact of Globalization and Supply Chain Complexity : The complexity of global supply chains highlighted procurement’s role in managing risks, ensuring continuity, and driving efficiencies.
Procurement Templates
SEPTEMBER 14, 2023
Conclusion Procurement and sustainability are no longer separate entities but rather intertwined components of a modern, responsible business strategy. Innovation Opportunities: Collaborating with suppliers to develop sustainable products and processes can lead to innovation and a competitive advantage in the market.
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