Meeting the Need for Procurement Speed
Conventional approaches alone can’t do it. New digital solutions must also play a role.
Building advanced procurement capabilities can lead to more than simply cost-cutting. When done right, it can reshape the whole supply chain from end to end. Explore BCG's latest thought leadership on procurement to lead your organization into a leaner future.
Conventional approaches alone can’t do it. New digital solutions must also play a role.
Data and advanced analytics, automation, and blockchain technologies can provide considerable value—if you know how to leverage them.
At BCG's 12th annual European procurement roundtable, in Barcelona, more than 50 chief procurement officers discussed strategy in times of disruption.
With the importance of innovation rising to the top of the chief procurement officer’s agenda, leaders must establish a procurement innovation strategy—defining the type of innovation needed for different products.
Procurement management is one of the most crucial success factors in procurement. But few CPOs have it under control. In a recent survey of ~50 procurement heads, only 65% said their PM system covered the core value dimensions driven by the department.
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