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5 steps to ensure procurement has a viable future

How much of your working time do you spend on the future? For many CPOs, the answer to that question is probably “not enough”.

Almost one in five CPOs questioned in a 2018 Deloitte survey identified cost reduction as their key strategic priority over the next 12 months, 58% regarded new product/market development as important and 54% were concerned about risk management.

Procurement needs to do all of these and more, but must also recognise a more elusive, amorphous challenge: the need to reinvent procurement.

Read this report, in partnership with GEP, for five key steps CPOs can take to reinvent their function and ensure procurement – and they – have a viable future.

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