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.

Related Expert Reports

The Contract-Aware Enterprise: From Contract Blindness to Commercial Advantage

The Contract-Aware Enterprise: From Contract Blindness to Commercial Advantage

Contracts contain some of the most valuable commercial intelligence in an organisation, yet too often that knowledge remains trapped in static documents and disconnected systems. In this whitepaper, Sirion explores how leading organisations are transforming contracts from passive records into actionable business intelligence. The aim? To drive stronger decisions, reduce risk, and unlock commercial value.

Slavery-free? Prove it.

Slavery-free? Prove it.

Modern slavery operates in the shadows, but despite growing scrutiny, it's on the rise. This report explores why tackling modern slavery in supply chains remains a persistent challenge for organisations. Based on 600 responses, the British Standards Institution (BSI), in partnership with CIPS, conducted research into why this is. Read the report to get insight into visibility risks, barriers to addressing modern slavery, and practical recommendations to support effective remediation.

share