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Subscribe to SupplyChain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement and Sustainability are your business’ Yin and Yang. Procurement is fundamentally centered around the act of acquisition and/or buying. CPOs “gave supplychain sustainability a ranking of 7.2
In the Amazon Business report on procurement data, 98% of respondents report having plans for investments in analytics and insights tools, automation, and AI for their procurement operations in the next few years. A lack of agility or flexibility with existing tools was also listed.
Ideally, they wanted a single team that had worked with 100% of suppliers across the business – which didn’t exist. What did exist was Procurement, a function that did worked with all suppliers, albeit in one area: transactions. So, management ended the search and tasked ChiefProcurementOfficers (CPOs) with this added job.
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