How can purchasing departments stop adding to the densities of procurement and better leverage technology and skills to make the whole process less difficult? That is the million dollar question that Procurement Leaders explores in its 10-part series, “Making Procurement Simple.” Never before have purchasing professionals been called on to do so much with this level of ambiguity on which routes to take to get it all accomplished. This often leads to solutions that create more questions than they answer and add more tasks than they subtract.
The goal is to solve purchasing’s daily challenges in the most efficient way possible. This requires better synergy between a number of aspects under procurement’s roof. Some of these include: deeper category knowledge to engage stakeholders, increased understanding of supply and business markets, finding areas where sourcing can be simplified, better managing contracts to take advantage of more savings, expanding the supplier network to have contingency vendors available before a problem strikes, paying closer attention to supply chain risks as they increase with expanding globalization, and incorporating more automation in the payment process.
And that’s just to name a few.