Remove Suppliers Remove Supply chain resilience Remove Vendor relationships
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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. Analytics and insights from procurement data were minimal.

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How to get the C-Suite to see procurement as a strategic lever versus a cost-savings function

Procurement Insights

“A 2023 survey by KPMG highlights this transition, revealing that procurement leaders are now focusing on supply chain resiliency (68%), introducing new products or expanding into new markets (65%), and improving margins through cost reduction (71%). The focus is on efficiency and control.

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CTA

ivalua

Gaps and dysfunction in the supply chains and a lack of visibility are making it difficult to support Environment, Social, and Governance (ESG) initiatives. Geopolitical manipulation on suppliers worldwide adds to the pressure. However that’s only part of the puzzle – strong vendor relationships are equally essential.

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A Balancing Act: Drive Sustainability while Managing Cost and Risk

ivalua

Gaps and dysfunction in the supply chains and a lack of visibility are making it difficult to support Environment, Social, and Governance (ESG) initiatives. Geopolitical manipulation on suppliers worldwide adds to the pressure. However that’s only part of the puzzle – strong vendor relationships are equally essential.