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Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

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. As a result of the disruption, cost management and supply chain visibility were suddenly top of mind for executive leadership teams. .

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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? Collaborative efforts between buyers and suppliers, along with better tools, education, and incentives, can help overcome these barriers and foster a more sustainable supply chain.

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Webinar Recap: Data as the Driver of Effective Procurement Transformation

ivalua

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 and Sustainability are Your Yin and Yang!

Supply Chain Game Changer

Chief Procurement Officers’ priorities seem to be changing with the times in order to further implement initiatives necessary to meet broader organizational goals. CPOs “gave supply chain sustainability a ranking of 7.2 in 2020, according to Procurement Leaders’ CPO Planning Guide 2021” (Procurement Leaders 2021).

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The Reality of Automation in Procurement!

Supply Chain Game Changer

According to a recent Deloitte CPO survey , Chief Procurement Officers (CPOs) mentioned that their main concerns are efficiency, costs, and digital transformation. Automation of procurement processes, along with a seamless integration of the other systems such as ERP, WMS, and TMS, will ensure enhanced supply chain visibility.

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How is technology transforming global sourcing ?

Claritum

Do you have visibility of a global supply chain? If your organisation struggles with supply chain visibility you are not alone, according to Deloitte’s survey of Chief Procurement Officers, 65% of CPO’s have limited or no visibility beyond their Tier 1 suppliers.