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Reviewing pandemic responses and strategies, some CPOs and Procurementteamsmanaged a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. .
Therefore, the survey gives a fascinating insight into the impact that the pandemic has had on procurementteams globally. “70% 70% of respondents maintained or increased digital procurement investment post covid” . The feedback from the survey was that process adaption and changemanagement are the most important factors.
As public procurementteams face increasing pressure to improve efficiency while upholding compliance and transparency, it’s essential that they have the right strategies in place. After all, how can you streamline procurement processes without sacrificing your standards? Scalability.
Reviewing pandemic responses and strategies, some CPOs and Procurementteamsmanaged a bit better than their peers as uncertainty and change mounted. These teams were able to quickly communicate and negotiate with their key suppliers to establish a “supplier of choice” solution. .
These solutions also improve collaboration among organizations and suppliers, and enable procurementteams to leverage data analytics to optimize contract negotiations, payments, buying patterns and more. While starting with a clear strategic vision is essential, these challenges will still need to be addressed.
As organizations look beyond the panic and shocks created by Covid-19, procurement leaders must show that they can contribute to restoring growth and supporting a broader list of objectives. The reality is that too few procurementteams have experience here. Only effective collaboration will reveal the possibilities.
ChangeManagement. Communication is the largest part of changemanagement, but it deserves independent consideration as well. Ensuring that there is a dedicated changemanagement workstream mitigates the risk level of the entire implementation. Where are the greatest changes taking place?
Today, procurement leaders have a seat at the table in e-staff meetings. How has the role changed over the past few years? It’s changed dramatically. Procurementteams were just buyers who delivered what other departments told them to buy. Will procurement go back to business as usual?
Author : Edward Claringbold Over the past three years, I have been the Procurement Lead for the First Nation Procurement Policy at my organisation. In late 2020, we took a bold step into the unknown by releasing the First Nation Procurement Policy, [1]which was collaboratively designed and written with our First Nation Partners.
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