Procurement’s Next Challenge: Balancing Agility and Efficiency

Procurement’s Next Challenge: Balancing Agility and Efficiency

The challenges currently faced by procurement will not disappear overnight. For months to come, the procurement sector will continue to be influenced by supply chain disruption, fluctuations in demands, and tension in commodity pricing.

With the inevitable move away from global supply chains in favour of local logistics, the role of procurement becomes even more valuable to businesses across the spectrum. Moreover, it is in every organisations’ interest to remain watchful of changes in supply chain visibility or potential financial distress of supply partners.

In the last 12 months, procurement has become even more central to organisations’ success. Beyond the pandemic, how can procurement leaders take on a more strategic role within their organisation? What are the advantages of doing so?

In short, how does procurement remain in the “room where it happens”?

• What is the role of procurement in the current business landscape?
• How can procurement leaders take on a more strategic role within their organisation? What are the advantages of doing so?
• What tools can procurement leaders rely on for the elevation of their function? What does their future role look like?