Many Chief Procurement Officers must now consider whether they are prepared to lead after their teams accomplished remarkable feats to keep their organizations afloat during a period of social, economic, and political turmoil rarely witnessed during peacetime.
In this article, we will explore the four stages of the procurement maturity model, techniques for assessing success and functional measures for achieving efficient procurement.
The benefits of implementing a more intelligent and effective approach to managing business spending include but are not restricted to widespread user adoption, risk management in the supply chain, cost savings, and a more flexible and resilient organization. Procurement must seize the opportunity in a world where there is no such thing as “business as usual.”
To assist you on your path to smarter and more effective procurement, here are ten best practices to follow.