Today’s procurement teams are trapped in a vicious cycle. Their workloads are on the rise, yet team sizes are static. In 2024 alone, procurement workloads are expected to increase by 8%, creating a productivity gap of 6.6% and an efficiency gap of 6.4%. On top of...
Digital transformation stands as one of the top two priorities for procurement teams in 2024, promising increased efficiency and reduced spend even as companies continue to sweat budgets and cost control. This trend demonstrates how important procurement...
Procurement teams today often find themselves caught in reactive cycles instead of forward-thinking strategically. Perpetually under-resourced and overwhelmed, one of the best ways procurement can break the cycle is by applying digitalization to tasks like sourcing...
If automotive procurement teams could predict when bridges would collapse, inflation would increase, or geopolitical tensions would resolve, they might resolve supply chain and cost challenges overnight. Absent clairvoyant capabilities, however, automotive procurement...
Over the past few decades, globalization, economic shifts, and an aging infrastructure have all taken their toll on the manufacturing industry. But now a combination of new technologies and government policies are changing the game. In particular, high-tech...
Drew Sheffield, Principal Consultant, DS Group AdvisorsAutomakers and automotive suppliers have some of the most sophisticated procurement organizations in the world, working tirelessly to reduce prices for all categories of spend (direct materials, logistics, and...
Throughout the years, CPOs have faced the same age-old challenge: do more and better with less. Yet in the age of AI, the problem has grown more acute than ever. The role of the CPO has expanded dramatically. At the same time, procurement teams are up against many...
Today’s procurement teams are trapped in a vicious cycle. Their workloads are on the rise, yet team sizes are static. In 2024 alone, procurement workloads are expected to increase by 8%, creating a productivity gap of 6.6% and an efficiency gap of 6.4%. On top of...
Digital transformation stands as one of the top two priorities for procurement teams in 2024, promising increased efficiency and reduced spend even as companies continue to sweat budgets and cost control. This trend demonstrates how important procurement...
Procurement teams today often find themselves caught in reactive cycles instead of forward-thinking strategically. Perpetually under-resourced and overwhelmed, one of the best ways procurement can break the cycle is by applying digitalization to tasks like sourcing...
If automotive procurement teams could predict when bridges would collapse, inflation would increase, or geopolitical tensions would resolve, they might resolve supply chain and cost challenges overnight. Absent clairvoyant capabilities, however, automotive procurement...
Over the past few decades, globalization, economic shifts, and an aging infrastructure have all taken their toll on the manufacturing industry. But now a combination of new technologies and government policies are changing the game. In particular, high-tech...
Drew Sheffield, Principal Consultant, DS Group AdvisorsAutomakers and automotive suppliers have some of the most sophisticated procurement organizations in the world, working tirelessly to reduce prices for all categories of spend (direct materials, logistics, and...
Throughout the years, CPOs have faced the same age-old challenge: do more and better with less. Yet in the age of AI, the problem has grown more acute than ever. The role of the CPO has expanded dramatically. At the same time, procurement teams are up against many...