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Procurement and Sustainability are Your Yin and Yang!

Supply Chain Game Changer

Subscribe to Supply Chain 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 supply chain sustainability a ranking of 7.2

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The Road to a Stronger Business is through Procurement

HICX

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 Chief Procurement Officers (CPOs) with this added job.

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5 Procurement Trends Shaping 2024

Pipefy

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.