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How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. 4][5] Supplier Portals Enhance Collaboration: Digital supplier portals are now in use across 35% of procurement platforms. “5 Procurement Best Practices to Improve StrategicSourcing.”
This supports practitioners in making data-driven, strategic decisions that lead to measurable business improvements. Risk Mitigation: Access to historical disruption patterns and supplier performance data helps organizations anticipate and avoid costly mistakes, improving supplychainresilience.
Fact: A digital procurement roadmap is a cornerstone of any procurement organization’s digitalization journey. But, it doesn’t have to be the deciding factor, the end all to be all or the absolute first step in an evaluation of digital procurementsolutions. digitalsupplychain #procurement #purchasing.
In the current business scenario, where market dynamics are constantly changing, and supplychainresilience is being tested, managed procurement services have gained significant relevance. But in today’s complex business environment, procurement services have evolved beyond these basic functions.
How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. As the pandemic showed us, things happen to shake things up at the global level, and companies that were prepared and could pivot quickly were the most successful regarding supplychainresilience and business continuity.
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