Procurement and Supply Chain digest 18th December

 As we are getting ready for the Holidays, here are the latest Supply Chain and Procurement articles.
Enjoy!

In many large businesses, it’s still very much the case that Procurement and Accounts Payable work separately. Traditionally we work in a very closed shop, but it doesn’t have to be like that. Certainly, it could benefit the whole organization if it weren’t operating in silos.

To Procurement and beyond — bridging the supplier information gap

According to a recent McKinsey survey, the majority of senior supply chain executive respondents said the crisis revealed weakness in their supply chain and 85% struggled with null digital technologies

Take back control; Four key supply chain strategies 2021

According to a Hackett group report, 46% of procurement leaders plan major investments in AI to improve their procurement processes.

Top 5 common Procurement myths about AI

Whether innovation results in an industry “game-changer” or a simple, incremental improvement, innovation is generally in the eye of the beholder. Procurement-led innovation is no different.

Defining Procurement-led Innovation

As we come to the final weeks of 2020, we take a closer look at the top 10 trends emerging in procurement operations for 2021, outlined by EY.

EY: Top 10 procurement trends in 2021

Is the age of globalization coming to an end?

How procurement can lead amid a fractured global economy

In many companies, procurement is too focused on short-term prices, not long-term costs. Total cost of ownership methods allow for strategic value-based procurement.

Procurement should be judged on value, not just price