Across all countries, industries, and sectors, organisations are experiencing an unparalleled pace of change. Because of this, businesses are quickly re-evaluating their operating models and strategies, not just to keep up with the market forces, but to continually capitalise upon them. Due to these market forces, organisations are finding themselves squeezed for cash and profitability margins.
Procurement has a significant role and duty to help their organisation achieve success when facing the volatile and uncertain markets ahead. This may require procurement to focus on driving costs out of the business and adding value in a much more strategic way. Procurement organisations should begin to view these ever changing market forces as not only a constraint, but also an opportunity.
Capitalising upon the ever changing market forces is of great importance to procurement organisations across the world. In this series, procurement personnel discuss the future pressures and volatilities the market will face and how procurement organisations must expand beyond the traditional role of a cost reducer.
Disruption in the Telecom Market: Building Cost Leadership and
Flexibility
Volker Pyrtek discusses the increasing importance of a flexible
supply chain to compete with some of the leanest logistical
companies in the world.
Changing Landscape: Procurement's Need to Expand Beyond Cost
Reduction
Tim Tolhurst discusses how DSM has developed a strategy beyond cost
savings that has captured the spirit of creating value drivers and
contributors.
Market Forces: New Challenges, New Changes
Discussing how procurement organizations are continually adapting
and morphing to the present changes they see.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.