Remove 2008 Remove Contract management Remove supply chain budgeting Remove Supply Chain Efficiency
article thumbnail

Top 5 Critical Skills Next-Gen Procurement Leaders Must Develop Now

Zycus Cognitive Procurement

According to McKinsey research , in the five years immediately following the 2008 global financial crisis, total return to shareholders for companies with top-quartile procurement capabilities was 42 percent higher than the companies whose procurement operations were in the bottom quartile. Risk management.

article thumbnail

Why Procuretech has Immense Potential to Grow

Procurement Software

The experience of COVID-19 also showed that poorly managed vendor master data contributed to some of the delivery delays and supply chain disruption. As a result, their tools enable them to do their jobs in a more efficient manner with better results. Apple has him to thank for how sleek and optimised its supply chain is.