With the new year just around the corner, procurement executives are under pressure to prove their value to stakeholders. Here are the top 3 challenges for procurement to tackle in the year 2015
- An emphasis on organisational alignment
- Changing inventory strategies
- Real-time performance management
Procurement needs to create results that matter and to ensure that an improvement in relationships is made with sales, marketing, engineering/design, IT and finance.
Inventory strategies needs to be implemented to optimise the growing network and improvement in customer service to coincide with the rise in multi-channel retailing and new technology.
Save money and time wit h procurement as web based supply chain software will continue to be important in purchasing. Software allows procurement to effectively track and manage supplier performance as well as identify risk and problem areas.
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