DIGITAL SUPPLY CHAINS
CPOs ought to rethink their digitalisation approaches . He shares three core principles to turn up the heat .
Now is the time to take control “ First , a set of power levers must be reset . Procurement possesses two assets with which to add value . Both relate to suppliers . The first flows from the suppliers , into the organisation : information . The second is provided by the organisation to suppliers : engagement .
Ultimately , the information your suppliers provide dictates your mutual working experience . If you receive compromised information , you can ’ t offer the best experience . Alas , this makes it difficult for suppliers to provide good information . And so a cycle is born .
Left unaddressed , a negative supplier ‘ experience and data ’ cycle will corrode the organisation ’ s relationship with its suppliers and block the value they can contribute . procurementmag . com 111