The pressure on supply chains has greatly increased in recent years. The global COVID-19 pandemic and labor shortages have revealed the weaknesses of the system. Among these are outdated computer systems that have reached their capacity limits and management models that lack flexibility. The crisis has also highlighted the strategic role of procurement within business ecosystems, demonstrating that it is much more than just a transactional function.
Moreover, the organizations that have been most successful are those that had already initiated a digital transformation prior to the upheavals of recent years and adopted a more strategic approach to procurement. Access to real-time data, combined with a deep understanding of their sector and a network of key partners, has allowed them to respond to unforeseen events with resilience and agility.
To navigate the coming years, when economic instability and labor shortages will be major challenges, organizations will need to more than ever turn to strategic procurement.
