cost mitigation

Why Companies are Prioritizing Procurement Digitalization to Gain Competitive Advantage

Posted: 09/18/2022 - 23:03
Procurement digitalization

It is clear that the economic impact of the global pandemic, significant inflation, and the war in Ukraine is accelerating procurement’s transformation from a transactional function to a key enabler of cost management and business growth. In 2020 and 2021, change was thrust upon us all. In 2022 and beyond, companies have the opportunity to own that transformation. 

Deliver Savings and Technology Transformation in a Recession

Posted: 06/10/2020 - 05:22
Procurement technology transformation

The primary goal of a procurement function to achieve savings carries greater significance in a recession when obtaining the lowest cost possible needs to be balanced with not compromising the quality of products and services delivered by suppliers. A secondary goal could be supporting major technology transformation projects. These goals are made more difficult when economic disaster strikes.

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