While 2012 was a good year for procurement professionals, 2013 is shaping up to be no different. Supply chain innovations and procurement transformation, two areas that have come under the scanner since 2008, will continue to remain the favored levers for generating cash to sustain long-term growth. This, coupled with a more balanced supply and demand market, makes us believe that 2013 will be a great year for procurement and supply chain professionals.
GEP highlights procurement trends in eight broad categories and eight generic procurement strategies that can be leveraged to maximize savings in 2013. We expect a double-digit growth in savings targets, and believe that with the use of innovative strategies, targets will be met without compromising quality, delivery and timeliness.