Remove Global sourcing Remove Risk management Remove Stakeholder engagement
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What About Procurement Objectives?

Procurement Templates

Implement Lean Procurement Practices: Use lean management principles to minimize waste and streamline procurement operations. Create Contingency Plans: Develop risk management protocols for supply disruptions and emergencies. Explore alternative sourcing models , such as consortium buying or global sourcing hubs.

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Deloitte Global CPO Survey 2023 — A focus on digital maturity and how to get there

Spend Matters

It’s also unsurprising to see that under the current risk environment, 80% of CPOs cite Enhancing Risk Management as a business priority, shooting ‘supply risk analytics’ up the priority agenda, from 35% in 2021 to 51% today. Category management is the core engine for scaling processes.

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Procurement Challenges Condensed

Claritum

Risk Management. Stakeholder engagement. Knowledge of technology impact on sourcing (innovation opportunities). Knowledge of technology impact on logistically how and physically what you are sourcing (innovation opportunities). Multiple / global sourcing of critical components. Points as above.