It is clear that the economic impact of the global pandemic, significant inflation, and the war in Ukraine is accelerating procurement’s transformation from a transactional function to a key enabler of cost management and business growth. In 2020 and 2021, change was thrust upon us all. In 2022 and beyond, companies have the opportunity to own that transformation.
When considering global supply chains, it's not new news that they are notoriously complex and opaque. Among other challenges, this means that issues such as child and forced labor, deforestation and environmental degradation can remain in the shadows. Identifying the source of these problems becomes so complex that tackling their root causes and seeking remediation for affected communities becomes a near-impossible endeavor.
Indirect procurement isn’t a new field. It’s been around for decades, helping to control spending and reliably source the goods and resources internal teams need to do their jobs and keep the business operational.
But, today, it still finds itself in the same position that direct procurement was in up until a few years ago. Perceptions of indirect procurement as a cost-saving, enabling function have caused many organizations to overlook the potential value it can deliver.
How are business and industry leaders transforming their approach to procurement amid disrupted supply chains, rising costs, and growing uncertainty?
SIG Global Executive Summits are 3-day events packed with the latest best practices, cost-cutting strategies, innovative processes and risk-mitigation approaches.
Through CPO roundtables, keynote sessions, breakout sessions, solution demonstrations and networking events, you'll hear from industry thought leaders, discover the latest innovative trends and have the opportunity to network with like-minded professionals facing similar challenges.
