What Are the Top 10 Procurement Focuses for the Coming Year?
In response to the challenges of the modern procurement landscape, organizations are stepping up their transformation efforts, implementing modern technology, developing new capabilities, and adapting their operating models. This report summarizes the key issues that procurement teams are facing, and how they are responding to these issues.
What are the top 10 key issues facing procurement leaders?
The Hackett Group’s Key Issues Study identified the 10 most important goals in the procurement agenda creating a call to digital action that includes:
- Improving procurement agility
- Elevating the role of procurement
- Enhancing third-party risk management capabilities
Download this report now to dive into the top 10 priorities of CPOs, including how to accomplish critical objectives.
One of the top priorities of procurement leaders is to improve the agility of the procurement process through simplification, empowering decision-making and calculated risk-taking, digital processes, and streamlined governance.
Another high priority is to elevate the role of procurement business partners to one of business enablement leaders who can develop and maintain strong relationships. Procurement teams are also prioritizing the enhancement of their risk management capabilities across a broader range of risk exposures, mitigating risk at deeper levels of the supply chain, and implementing continuous risk monitoring throughout the supplier life cycle.