As procurement professionals, we have two primary responsibilities: 1. Secure materials and services, and 2. Do so in a way that supports the business strategy and bottom line. Emerging technology platforms are making time- and resource-intensive tasks easier, helping CPOs better strategically analyze their spending.
2023 Research Insights for CFOs found that 82% of procurement leaders admit their indirect spending is not well managed, leaving money on the table. Harnessing data and technology solutions like group purchasing decisions (GPOs) is essential for strategic purchasing decisions.
In a new Supply Chain Management Review Magazine article, I discuss how e-commerce technology can provide critical insights that maximize your resources. Click here to read more: https://bit.ly/3Aa7qeZ
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