The global pandemic has sharpened focus on the importance of procurement in almost all industries, with collaboration across supply chains proving to be particularly crucial. In leading organizations, the procurement function has evolved to deliver greater agility, innovation, and efficiencies through strategic collaborative processes. Collaboration isn’t only about reducing risk and saving money, which is more important than ever; chief procurement officers (CPOs) and procurement teams also need to work seamlessly with internal stakeholders across business units, and with their entire network of suppliers, to create new products, react quickly to unprecedented changes in demand, and prepare for the intensely competitive markets that will exist while economies recover.

Contributors: Ivalua
Categories: Whitepaper
SRC Type: Change Management, COVID-19, Performance Management, Sourcing, Sourcing Management, Stakeholder Engagement, Talent Management, Trends