Procurement's Moment of Truth: It’s Time (and Opportunity) to Show Strategic Mettle

Despite its great strides in recent years, procurement still struggles with the external perception that its main function is sourcing — period. But sourcing is just one tool in a powerful procurement toolkit. Procurement has much greater potential, and a greater purpose — as a driver of transformational business value.

Procurement should be, and needs to be, a strategic business partner with enterprise-wide influence. And with COVID-19 upending so many aspects of business operations, there’s no better time for procurement to disrupt its own stereotype. Now is the time to refocus on higher-level goals, including supply risk mitigation, operational continuity and deeper supply chain transparency.

In this webinar, GEP’s Mudit Kumar, Vice President of Consulting, will lay out the new priorities for procurement and discuss the main levers that will redefine the function beyond sourcing and savings.

On the Agenda:

• What the business really needs from procurement in a post-COVID-19 economy
• How artificial intelligence and automation can help procurement transform itself and advance the function
• Why procurement needs to take the lead in value chain transformation and value engineering

Join this webinar to learn how procurement can become the change agent and strategic advisor that global businesses so badly need in this uncertain climate.