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If the procurement gaps uncovered during the pandemic haven’t inspired investment in digitizing Procurement, what will?

 

At what point is the status quo no longer satisfactory? What’s the tipping point to justify investment? The pandemic exposed the vulnerabilities and fragilities of supply chains. Many companies have been rushing to digitize their businesses to gain visibility and efficiencies – enabling much needed speed and agility.

 

Yet, many procurement functions still operate with a technology deficit – and a frustrated team – lacking basics such as visibility to spend across the organization and throughout the supply chain. This makes it difficult to mitigate risk and ensure continuity of supply, let alone work on strategic initiatives such as co-innovating with suppliers.

Five Questions Every CPO Should Be Asking

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