BIG PICTURE
Procurement ’ s Perfect Storm
London , UK
Gone are the days of procurement and supply chain existing in the shadows ; global disruptions have shone a spotlight on our vital function . However , these disruptions have created “ the perfect storm of problems that have suddenly made people realise how fragile supply chains are ,” according to Robert Copeland , CPO , G4S at Procurement and Supply Chain Live . For procurement resilience and to mitigate risk , seven key areas require attention : spend accuracy , closed-loop value delivery , end-to-end value-chain cost management , supplier collaboration , organisational agility , next-gen capabilities , and digital adoption and data analytics . “ We can ' t forget the tough times that everyone has been through . [ COVID-19 has ] certainly elevated the discussion , and I think it ' s a board-level discussion about the resilience of your organisation ,” added Ninian Wilson , Global SCM Director & CEO , Vodafone Procurement .
10 November 2021