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The Future of Procurement Is Upon Us. Are You Ready?

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Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. Challenges in this new manufacturer/supplier partnership Burton cites include: Risk management. Globalization. Burton predicts that China and Brazil will become hubs for global sourcing.

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Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study

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Some suites have embedded MDM capabilities that can unify data across the enterprise and fix issues at the source. Chassis Brakes Int’l (now part of Hitachi), presents a great example, having unified supplier data across all 25 global ERP environments through it’s global Source-to-Pay (S2P) platform.

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5 Steps Towards Modernizing Supplier Management

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Such solutions, especially if embedded in spend management suites, can help unify data across the enterprise and fix duplicates and other issues at the source. The permanent transparency helped drive a rationalization of its supply base to improve performance, relationships and deliver savings and lower risk.

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ProcureCon Asia, 9th – 11th July 2019, Singapore

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Daniel Koh is currently leading a team of 130 sourcing and pricing professionals globally. He had taken on a few leadership roles in Flex such as Procurement Compliance Director, led the Global Sourcing team, and is currently member of Flex Supply Chain Council and Supply Chain Risk Management.