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Beating inflation against the odds: How procurement can win in a downturn

Beating inflation against the odds: How procurement can win in a downturn

The priorities for procurement for 2023 include tackling cost optimisation, navigating the procurement talent shortage and pursuing digital transformation. This combination of issues is forcing procurement to rethink its value proposition. 

Traditional tactics to find savings are no longer working and to generate value for their businesses in this climate, the function will be challenged to think strategically about sourcing, talent, digitalisation and supplier relationships. In this report, we discuss key strategies for procurement to weather this economic storm and ultimately help their organisations move towards a more innovative future.

Related Expert Reports

Listening for the silent threat: how CLM transforms risk into opportunity

Listening for the silent threat: how CLM transforms risk into opportunity

Even the most diligent teams can’t see everything when information is dispersed across systems, versions, and departments. That’s why a growing number of organisations are rethinking how they approach contractual risk. Instead of fighting fires one document at a time, they’re turning to Contract Lifecycle Management (CLM), a comprehensive approach that brings every stage of the contract process into one cohesive, visible, and controlled environment.

How to Get Contracting Right in the Age of AI

How to Get Contracting Right in the Age of AI

If you were confident you could make a critical function 37% more efficient, grow revenue by 100 – 200 basis points, or cut procurement spend by 33%, wouldn’t you do it? Research and analysis show that these benefits are absolutely available to enterprises who get contracting right.

Supply Chain Risk Outlook

Supply Chain Risk Outlook

This report combines Verisk Maplecroft’s proprietary Global Risk Data with analysis from a team of experts, to reveal the opportunities and threats facing global supply chains in 2026.

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