Supply Chain / Procurement / Purchasing Professionals – What’s up for New Year?
As globalization accelerated in such a pace which opened vast possibilities, opportunities and challenges for procurement teams across the globe. The growths of support services are considered as key points of differentiators in the market place which forced the Procurement team to increase its competitiveness.
It is key at this stage that organization identifies and assesses their current procurement strategies and need to validate its effectiveness considering the expected future developments available in the pipeline.
So what should be the priorities for procurement departments in the New Year? I have mentioned few of them below:
- Accessibility to data and information,
- Transparency in process and compliance,
- Involvement in decision making,
- Greater efficiency in procurement and demand planning,
- Flexibility in order management,
- Empowerment as a core function
What else….?
