PROCUREMENT STRATEGY
Procurement is no longer solely focused on the bottom line, which is a huge benefit for everyone. Leading companies have transformed their operations, shifting from cost-focused, transactional approaches to strategic, value-driven models that prioritise long-term supplier relationships.
With the current market climate not expecting to cool anytime soon, it’ s likely that volatility will carry on plaguing leaders. But, with this, comes more tools to help people recognise that sustainable competitive advantage lies not just in securing the lowest price, but in building partnerships that drive innovation, manage risk and create mutual value.
As a result, procurement faces the opportunity to be a strategic driver, delivering business growth through close knit relationships with suppliers to navigate this unpredictable environment.
From fire drills to strategic resilience The past five years have seen unprecedented disruption challenge supply chains across industries, with procurement leaders facing an unsteady environment. This has transformed the management of their suppliers, with one thing becoming a core tool: resilience. In today’ s environment, this is essential as teams plan for the long term, saving themselves from addressing challenges through reactive measures alone.
Mark Bevan, Vice President at Efficio, explains that while mature organisations are successfully integrating resilience into their strategic planning, others continue to
78 September 2025