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Procurement and Sustainability are Your Yin and Yang!

Supply Chain Game Changer

Chief Procurement Officers’ priorities seem to be changing with the times in order to further implement initiatives necessary to meet broader organizational goals. CPOs “gave supply chain sustainability a ranking of 7.2 in 2020, according to Procurement Leaders’ CPO Planning Guide 2021” (Procurement Leaders 2021).

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The Dirty Little Secrets in Procurement!

Supply Chain Game Changer

Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. This is an exciting time to be a procurement practitioner, as well as a vendor of ProcureTech solutions. Lack of Visibility Beyond Tier 1.

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Three Ways Procurement Can Drive Sustainability Through the Supply Chain

SupplyShift

Right now, companies aren’t doing enough to gain visibility into their supply chains. According to Deloitte’s 2020 Chief Procurement Officer Survey , only 50% of organizations had high visibility into their tier one suppliers, and a staggering 90% reported low or very low visibility beyond tier one.

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Three Ways Procurement Can Drive Sustainability Through the Supply Chain

SupplyShift

Right now, companies aren’t doing enough to gain visibility into their supply chains. According to Deloitte’s 2020 Chief Procurement Officer Survey , only 50% of organizations had high visibility into their tier one suppliers, and a staggering 90% reported low or very low visibility beyond tier one.

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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.