Actions taken now to mitigate impacts on supply chains from coronavirus can also build resilience against future shocks.
For retailers, procurement is no longer solely a matter of negotiating “A” brands. Private labels and verticalization are trending. Advanced approaches and tools help get procurement in shape for the future
To get the most from procurement digitization, leaders must raise their ambitions along with their skills.
Procurement has an opportunity, indeed an imperative, to transform from an enabler of cost reduction to a creator of sustainable competitive advantage.