In this new article, I will report on the contribution of Procurement in an economic recovery that sounds to be, let’s say, particularly fierce. Now, many macroeconomic aspects nevertheless moderate (a little bit) the spread of the “disaster” compared to 2008. The level of involvement of Procurement will indeed have to be adjusted to market conditions and company strategy to deal with this crisis.
Beyond this challenge of spend management, it’s all about compliance and ensuring that money is used properly and efficiently by all in the company.
A link to a very interesting testimony evoking the Design-To-Cost approach. A very powerful tool (certainly the most) of Procurement processes that integrates all good purchasing practices but which also calls for a certain level of maturity in the organization. Already used and theorized in a great team.
Data management, still a challenge but also an opportunity