In these challenging times, companies need to work closely with suppliers to reconfigure supply chains, avoid distress, and obtain better rates for the long term. Procurement and supply chain managers (PSCM) should act now.
Procurement will be critical in getting companies through the crisis. Now’s the time for CEOs to strengthen relationships with their suppliers’ CEOs.
Generating savings is one of procurement’s paramount disciplines. Identifying savings potential in the first place, however, can be quite difficult.
Making the best use of new technologies in procurement is not only a question of selecting the right tools. It's about how people drive digital transformation efforts and make change happen.
Deploying technology solutions along with conventional best practices can greatly mitigate the risk of future failures.
Conventional approaches alone can’t do it. New digital solutions must also play a role.
Investors increasingly want more than low-single-digit savings from acquisitions. Procurement is in a position to deliver.
BCG has developed an effective approach that utilities can use to minimize the odds of being blindsided by a major supplier-related event.
You can still reach your goals by taking a persistent and comprehensive approach, making allies of top suppliers, and continually pushing for change.
The acquisitions process is notoriously time-consuming and onerous, but governments can attract stronger bids—and get quicker results—by taking action in five key areas.
