It’s no surprise that buying for business looks different in 2021 than it has in years past. The strategic plan enterprise procurement leaders across industries may have dusted off each year and simply refreshed is likely insufficient.
The strongest, most agile procurement teams are reshaping how they buy:
- 64% of CPOs have shifted from defence to offence, focusing on adapting supply chains to thrive in the “next normal”
- 60% of procurement leaders report greater cost savings goals expected this year compared to 2020
- 73% of procurement leaders say the importance of sourcing speed has increased
Procurement played a key role in reducing costs and navigating the new supply chain realities of the last year. Now, it can lead the organization in accelerating growth and meeting new strategic challenges. Learn how you can gain visibility, accelerate productivity, and drive agility with digital purchasing.
Download The Enterprise Procurement Playbook and rethink what’s possible for procurement.
Sources: Deloitte’s 2020 Chief Procurement Officer Flash Survey, 2020 Gartner Peer Insights on Cost Optimization, ProcureCon and WBR Insights’ CPO Study 2021