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Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. A Blueprint for Demonstrating the value of Strategic Procurement.

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Counterintuitive strategies to navigate the recession: Part 1

Zycus Cognitive Procurement

Recessions are inevitable, and while most recessions don’t last over three quarters, navigating the same can be quite treacherous for companies. Procurement, operations, and finance need to work synergistically to improve operational efficiencies and productivity for the long term. In this 3-part blog series , we explore-.

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Economic uncertainty ahead: 7 things you can do to prepare for a recession

Procurify

Startups are rapidly laying off people , and as the 2022 recession seems inevitable, more businesses will follow suit. Ideally, cutting costs by laying off staff should be a last resort, but it is a common solution businesses use when they aren’t adequately prepared for a recession. So, what can you do to prepare for a recession?

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Hiring freezes threaten to halt procurement’s expansion plans

Procurement Leaders

In contrast to such stories, procurement teams appear bullish on their 2023 hiring plans. In contrast to such stories, procurement teams appear bullish on their 2023 hiring plans. In comparison, just 14% of respondents said they planned to reduce the size of their procurement teams in 2023 when compared with 2022.

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Eric Espinasse interview: ‘The more we depend on a supplier, the closer we need to be to them’

Procurement Leaders

PL: Could you share a little bit about your procurement team structure, its strengths and the challenges you face at Ferring? PL: Could you share a little bit about your procurement team structure, its strengths and the challenges you face at Ferring? On a personal note, I am looking for the business to say: “Thank you, procurement.

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Counterintuitive strategies to navigate the recession: Part 2

Zycus Cognitive Procurement

The 3 Rs of riding out of the recession storm. Continuing to invest to secure longer-term growth to do well after a recession. Hence, cost structures must be reviewed and rewired periodically, particularly ahead of a recession when there is pressure on incremental sales and profitability. Review & rewire cost structures .

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5 Big Ideas for CPOs in Europe to Develop Procurement Strategies for 2023

Zycus Cognitive Procurement

However, as 2023 starts, CPOs have a new range of challenges to tackle, such as soaring inflation and a looming recession. So, the question remains: What are the key challenges and agenda items for procurement leaders in 2023, and how will they adapt to these challenges?