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

Procurement Insights

20202024: Procurement as a Strategic Business Partner Accelerated Evolution During the COVID-19 Pandemic : The pandemic underscored procurement’s role in ensuring supply chain resilience , managing disruptions, and navigating shortages.

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Procurement and Sustainability: A Harmonious Partnership for a Greener Future

Procurement Templates

It has the potential to drive change throughout the entire supply chain, influencing how products are sourced, manufactured, and distributed. Conclusion Procurement and sustainability are no longer separate entities but rather intertwined components of a modern, responsible business strategy.

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CPO Spotlight: Rachel Scarrett

Procurement Heads

My role has seen a shift as a result of all of the emerging risks we’ve encountered, many for the first time, I’ve seen much more focus from our executive team and the regulator on supply chain resilience, so I’ve been strengthening our capability in this area too. Where do our passions lie in the day-to-day of the role?

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Tracy Kosiarek on the People Side of Supply Chain Innovation

Let's Talk Supply Chain

Supply chain resilience and innovation to quickly respond to market disruption are more critical than ever amidst ongoing regulatory changes and geopolitical tensions. If you work in supply chain then you know that as long as theyve been around, theyve traditionally been used as a way to protect domestic industries.

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How do rising interest rates and inflation affect global supply chains?

EazyStock

While it’s impossible for you to control geopolitical and economic factors, you can control your business strategy. Review your inventory health As stock levels influence cash flow, if you have unnecessarily high inventory levels, now is the time to reduce them to avoid tying up capital.

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Procurement Metrics: Key Performance Indicators for Success

Empowering CPO

By measuring key aspects of the procurement process, these metrics provide insights that can drive significant improvements in cost-efficiency, operational performance, and supply chain resilience. However, not all these metrics will directly influence strategic objectives. That’s where KPIs come in.