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Procurement is currently knee-deep in the crisis caused by the COVID-19 pandemic. Demand is shifting, supply chains are disrupted, and expense reduction is suddenly an elevated priority. Buyers that were distributed in a sense before are now literally distributed, doing their best to carry on from home.
The silver lining of today’s complexity is that companies have a rare opportunity to rethink their core business: where should they focus and when does it make sense to partner with suppliers and service providers?
The preparations procurement organizations make now, while the pandemic is still affecting industries and supply chains, will determine their readiness to succeed in the ‘new normal.’ Making good decisions now about digital transformation, agility, and supply chain risk will pay dividends later on.
On September 15th, join us for an AOP Live session featuring Christopher Sawchuk, Principal and Global Procurement Advisory Practice Leader at The Hackett Group, and Vishal Patel, VP of Product Marketing at Ivalua. They will answer live audience questions about:
- How supply chain costs may increase as boards make the decision to de-risk rather than lowering costs
- The changes we may see as procurement operating models adjust in response to attitudes towards the value of data
- How collaboration with suppliers (including sub-tier suppliers) will change a we continue to work through difficult circumstances
- What impact COVID-19 may have on corporate social responsibility and sustainability programs in the long term.