CIPS
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.

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