Remove Business strategy Remove Strategic sourcing Remove Supply chain resilience
article thumbnail

2011 To 2025: The Evolution Of How The C-Suite And Boardroom Views Procurement

Procurement Insights

20152020: Procurement Gains Strategic Recognition Emergence of Strategic Sourcing : CFOs began to recognize procurement’s role in driving long-term value through strategic sourcing, supplier relationships, and risk management. Analytics and insights from procurement data were minimal.

article thumbnail

Procurement Trends 2025: Automation, Analytics & Strategy

Planergy

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 2][6] Procurement Automation Strengthened Supply Chain Resilience In a volatile global market, supply chain resilience is top of mind. ” Gartner Business Quarterly 1Q24.

article thumbnail

Procurement Metrics: Key Performance Indicators for Success

Empowering CPO

By measuring key aspects of the procurement process, these metrics provide insights that can drive significant improvements in cost-efficiency, operational performance, and supply chain resilience. For example, cost-saving metrics can help identify opportunities to reduce expenses and increase profitability.