The ravages of the past four years – during which we have experienced disruptive events the likes of which are rarely seen, and even less frequently seen together – have brought into sharp focus the demands on the procurement functions of large, global businesses. Securing scarce supply, keeping factories open and costs down and supporting suppliers through financial turmoil has been the focus for many CPOs and their teams ever since the first waves of Covid hit in late 2019.
Speed and agility are two increasingly important assets that are seen as a hallmark of a successful procurement function through such times. The ability to react to changing circumstances quickly can often be the difference between success and failure; being able to pivot, make informed decisions, find alternative supply, or ramp up or down production based on real-time, predictive data can – and does – have a meaningful impact on bottom-line performance.
Download the full report to gain insight into the following areas:
- The bottlenecks that most frequently delay the procurement process
- The biggest causes of delay – and the steps procurement functions can take to overcome these blockers.
- Examples of organisations that have delivered significant improvements in areas such as supplier onboarding times, automation and agile governance.