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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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Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

For those who view Procurement as just the group that conducts RFQs (Requests for Quotation), places transactional purchase orders to buy things that others have directed, and negotiates mundane contracts then Procurement is seen as a minor part of an organization. They have an end to end view of the Supply Chain.

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Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

For those who view Procurement as just the group that conducts RFQs (Requests for Quotation), places transactional purchase orders to buy things that others have directed, and negotiates mundane contracts then Procurement is seen as a minor part of an organization. They have an end to end view of the Supply Chain.

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PROCURE TO PAY AUTOMATION – BEST PRACTICES AND BENEFITS

Zycus Cognitive Procurement

Procure to pay automation has come a long way in the world of procurement. The influence of automation is increasing day by day. But today, in the age of Big Data, ‘reimagining’ the procure-to-pay process means a data-driven and fact-based approach for proven business results. ROI consideration.

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The Reality of Automation in Procurement!

Supply Chain Game Changer

According to a recent Deloitte CPO survey , Chief Procurement Officers (CPOs) mentioned that their main concerns are efficiency, costs, and digital transformation. Automation of procurement processes, along with a seamless integration of the other systems such as ERP, WMS, and TMS, will ensure enhanced supply chain visibility.