The three areas procurement must evolve for a ‘never normal’ future
Procurement leaders are regrouping after the pandemic fractured global supply chains and caused the worst economic collapse since the 1930s.
As procurement leaders rebuild their supply chains, the lesson many have drawn from a tumultuous 2020 is that they need to redefine resilience for a ‘never normal’ era. True resilience means not preparing for a single threat – a new pandemic, cyber attacks, commodity price fluctuations, diverging regulations, extreme weather, or geopolitical disruption – but for any and all of them.
This is not easy, but it is achievable. But to get there, procurement has to play a bigger role than it has in the past. In this report, produced in association with GEP, it looks at where CPOs can help focus their strategic energy.
GEP helps global enterprises operate more efficiently and effectively, gain competitive advantage, boost profitability, and maximize business and shareholder value. Fresh thinking, innovative products, unrivaled domain and subject expertise, and smart, passionate people – this is how GEP creates and delivers unified supply chain solutions of unprecedented scale, power and effectiveness.
Named a Leader in Gartner Magic Quadrants, Winner for Best Procurement Software and Best P2P Provider at the World Procurement Awards, Best Procurement Consultancy at CIPS Supply Management Awards, and Best Provider at the EPIC Procurement Excellence Awards, GEP is frequently honored as an innovator and leader in source-to-pay direct and indirect procurement software by Gartner, Forrester, IDC, Procurement Leaders, Spend Matters and CPO Rising.
GEP is also ranked leader in managed procurement services (procurement outsourcing) by Everest Group, NelsonHall, IDC, ISG, HfS and IAOP. In addition, the primary research firm in the management consulting sector, ALM Intelligence, ranks GEP leader in procurement strategy and supply chain consulting. With 21 offices and operations centers in Europe, Asia and the Americas, Clark, New Jersey-based GEP helps enterprises worldwide realize their strategic, operational and financial objectives. To learn more about our comprehensive range of software and services, please visit www.gep.com.