Identifying major opportunity areas for procurement
· Source: scmr.com
In short
This article discusses five key opportunity areas to enhance procurement function performance, including organizational design, knowledge sharing and learning, indirect spend management, environmental, social, and governance (ESG) initiatives, and risk redefinition. Drawing on research from the University of Tennessee's Global Supply Chain Institute, it emphasizes breaking traditional silos, adopting collaborative strategies, and leveraging procurement to drive growth, innovation, and sustainability.
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In the issue of week 28, 2025: Agentic AI Drives Real-Time Supply Chain Resilience and Precision
Tags: procurement, organizational design, ESG, risk, indirect spend, innovation