Why it’s time to revisit your direct materials sourcing strategy
Direct material sourcing is evolving, with procurement now tasked not only with cost efficiency but also with fostering sustainability and risk management. The landscape is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions affecting imports.
Digitalisation and advanced technologies are playing a pivotal role in reshaping procurement dynamics and strategic goals. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.
Read this CIPS Download whitepaper, produced in partnership with GEP, as we delve into the shifting dynamics of direct materials sourcing, addressing challenges and advocating for a strategic reassessment to drive operational enhancements and elevate job satisfaction in this evolving landscape.To download please sign in.