November 30, 2023 | Procurement Strategy Blogs
If there is one agenda that has always been a part of the procurement function, it is cost savings. Businesses of all sizes and industries have evaluated procurement’s performance based on how well it has negotiated with suppliers and realized savings for the business.
Although the scope of procurement has widened significantly in the current business landscape, the primary agenda of the function remains cost savings. And this will continue to be the top priority despite the added responsibilities.
Global supply chains continue to feel the pressure from a host of risks and uncertainties – an unending pandemic, inflation, material shortages, climate change and geopolitical issues. 2022 offers challenges, but also opportunities to control costs and gain certainty amid the chaos.
What do businesses need to seize this moment and shore up their supply networks?
Supply chains continue to feel the pressure from a host of risks and uncertainties, such as labor shortages, climate change, geopolitical risks, cyber threats and rising inflation. 2022 offers challenges, but also opportunities to control costs and gain certainty amid the chaos.
What can enterprises do to mitigate risks, ensure supply continuity and keep costs under check?
