While many procurement organizations are better off than they were 10 years ago, they still have a way to go.
June 17, 2022 - The increasing frequency and magnitude of supply chain disruptions over the past decade has exposed weaknesses in most companies’ supply chain models. The difference between winning and losing in this environment is stark: Emerging winners are transforming their supply chains to resilient, sustainable, and responsive—all while still maintaining cost competitiveness. At the other end, for the companies falling lower on the procurement maturity curve, inflation and supply shortages are puncturing earnings.
The frequency and magnitude of supply chain disruption has been increasingly relentless over the past decade:
How the winner emerges
To accomplish this, supply chain leaders are collaborating more with their business counterparts, thinking more boldly about transformation, investing in strategic collaborations, and updating their operating model to better reflect these new supply chain priorities. Shifting from cost savings to a more complex set of goals: improving risk reduction and supply chain resilience; strengthen relationships with strategic supply base partners; increase transparency while aggressively pursuing savings; and more.
Leaders will need to broaden their approach, find ways to capture value and strengthen operational resilience, given the expected headwinds. They recognize that while it is important to respond effectively to short-term supply chain shocks, they must also reposition their supply chain for the long term as disruption is the new global reality.
EPG provide the right mix of services, expertise, specialized knowledge and ongoing commitment to bridge the gap between reactive procurement and proactive procurement, ensuring your procurement organization reaches its full, unlimited potential.
Disruption Is The New Global Reality.
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