The wake-up call of the economic shutdown and its impact on supply chains has been enormous. Many
As the first wave of response appeared in the form of preservation, cost-cutting and cashflow protection have been the order of the day. However, a light of hope glimmers on the horizon for a new commercial awakening. It is critical that
Some of the key questions facing executives and risk officers are:
How do we manage the risks and intricacies of an empty supply chain?
Can our procurement processes help accelerate our fulfillment ability?
How flexible can we be in a fluid lockdown, within a highly regulated environment?
What can we do to cut delays and be faster to market, save time on production processes, and most of all ensure that every cent spent on human capital is on critical tasks that require human input and cannot be automated or
The degree of success or failure hinge on how quickly these challenges can be addressed.
Effective procurement and supply chain planning will see organisations bounce back more quickly and more convincingly. Their ability to ensure that procurement processes and red tape do not impede the supply chain. It allows them to fulfill orders without obstruction or hindrance will be critical to recovery. And, this recovery will springboard the best to long-term growth, success, and resilience in the ‘new normal’.
Choosing a digital procurement solution should not only automate costly manual processes. It should help achieve business objectives through accelerated cycles for spend, performance