Extensive disruption at the beginning of the decade put resilience at the top of the agenda for most organizations. Now the focus is on how digital procurement solutions can be used to boost agility.
This article considers nine disruptive strategies of best-in-class procurement operations. These strategies are influenced by how the procurement function has evolved and how it continues to shape best-in-class procurement.
Procurement is old. Just how old you ask? Well,
a long time ago in a galaxy far, far away… it’s been around for millennia. As a natural function of trade and commerce, it developed organically during the earliest civilizations. Papyrus records indicate procurement can be traced as far back as the Egyptians (the first Jedi) in 3000 B.C.