Remove Business strategy Remove Risk management Remove Supply chain resilience
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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. CFOs began to see procurement as critical to business continuity and organizational agility.

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Procurement and Sustainability: A Harmonious Partnership for a Greener Future

Procurement Templates

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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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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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. This could include metrics on supplier innovation, risk management, and value creation beyond cost savings.