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Strategic Procurement: 4 Tactics for Economic Recovery in 2021

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Procurement’s value became evident, as did the importance of the supplier relationships they had built. According to Accenture, 94% of Fortune 1000 companies saw supply chain disruptions and 75% had negative or strongly negative impacts on their businesses due to the pandemic.

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Webinar Recap: Data as the Driver of Effective Procurement Transformation

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How do Chief Procurement Officers and their teams leverage digital transformation to take control of their data and better deliver against their strategic objectives? . Dramatic supply and demand shifts during the pandemic prioritized the need for data accuracy to solve short and long term supply chain challenges.

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

Procurement Insights

” – Albert Einstein It started as a simple exercise: ask ChatGPT, “What are the Top 3 concerns for Chief Procurement Officers in 2025?” What are the Top 3 concerns for Chief Procurement Officers in 2025? What are the Top 3 concerns for Chief Procurement Officers in 2023?

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The Four Critical Points of Stakeholder (Agent) ESG Alignment

Procurement Insights

STAKEHOLDER (AGENT) 1 What are the top five concerns for Chief Procurement Officers? STAKEHOLDER (AGENT) 3 What are the main concerns for suppliers meeting ESG specifications? When should you introduce technology into your ESG strategy process – before or after addressing questions 1 and 2?

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Procurement and Sustainability are Your Yin and Yang!

Supply Chain Game Changer

This, they say, includes value delivery through supplier- enabled innovation (SEI); sustainability through environmental, social and governance (ESG) goals; as well as agility through digitalisation — all of which will enable the business to deliver on its growth agenda” (Procurement Leaders 2021). Shoot for the Moon.

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The Reality of Automation in Procurement!

Supply Chain Game Changer

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. This article will examine the top benefits and most typical challenges with procurement automation. Benefits of Procurement Automation. Unparalleled Collaboration.

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The Dirty Little Secrets in Procurement!

Supply Chain Game Changer

Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. Yet only 26% were able to confidently predict risk within their supply bases.