ARCHIVED: The Changing World of Procurement

Sponsored by: Puridiom, Amber Road, Transplace and TAKE Supply Chain

Over the next decade, the way procurement is executed has to change. Organizations must identify all of their business entities, buying habits, cost information, benchmarking and more to obtain more real-time data in a predictive form. Without it, there will be knowledge loss as experienced supply management professionals leave the business, customer loss, being viewed as a less favorable supplier, less financial investment from shareholders, reduced market share and a non-sustainable business model.