Developing a resilient procurement system in a time of shifting supply-market dynamics, new ways of working, and an accelerated pace of business, requires organizations to recalibrate what it means to be both efficient and agile. As procurement continues to be impacted by significant disruption, returning to “normal” should not necessarily mean returning to the status quo. This report looks beyond adapting procurement in response to disruption and cost management, and explores how existing tools and strategies are helping procurement leaders meet supplier management initiatives.
In this commissioned report, the Worldwide Business Research (WBR) Insights research team surveyed procurement leaders representing a span of industries with almost half (49%) coming from organizations that have over $500 million in spend management. This spend represents a lever for procurement leaders to position themselves as a key player within the organization. A study of procurement professionals found that 66% of procurement professionals faced lack of buy-in over how much influence their group should have (1). Developing a network of innovative, resilient, and high-performing suppliers is just the first step to growing procurement’s influence and relationships with key business stakeholders.
Learn more about how you can maximize value from suppliers through technological innovation and supplier diversity. Effectively channel procurement spend and increase your group’s impact as a key partner in meeting organization-wide socially responsible goals.
(1) ProcureCon, Procurement in the Driver Seat
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