7 Steps To Procurement Management To Optimize Processes Responsible for ~70% of Revenue process.st/procurement-management April 21, 2021
Jane Courtnell April 21, 2021
Procurement directly impacts an organization’s bottom-line and can be responsible for 70% of revenue. With this in mind, it’s important to get procurement right. The world of procurement has undergone tremendous changes in the past couple of years. Changes of particular importance when thinking about procurement management include: Digital transformation: With 85% of organizations believing that this digital transformation will change the way they deliver services over the next 3-5 years. Thinking about suppliers beyond price: With a greater focus on supplier synergies. The importance of supplier visibility regarding the procurement steps is realized. Moving to effective change management: Organizations focus on a smooth change management plan, with procurement leaders agreeing change management is the biggest roadblock to achieving procurement goals.
1/14