4 tactics procurement can use to sustain influence as economic conditions improve

How procurement leaders can prepare for economic recovery

Image used for illustrative purpose only.

Image used for illustrative purpose only.

Ivalua / Handout via Zawya

Procurement's role and influence vary depending on economic conditions. According to Gartner: "Narrow perceptions that procurement’s value is exclusively aligned with cost management and supply continuity increase [Procurement's] functional influence during a recession, but limit it as soon as recovery begins."

While economic recovery is not expected until well into 2021, Procurement leaders must be prepared to pivot to increase their strategic influence and capitalize on the opportunities that recovery will bring. In this report, Gartner presents 4 tactics that Procurement leaders should embrace as recession gives way to recovery.

View this report to learn:

  • What actions Procurement leaders must take to sustain and increase their influence as economic recovery takes hold
  • How Procurement can shift its focus and priorities to align with the business as cost reduction and supplier risk management take a backseat to growth and innovation
  • What key performance indicators (KPIs) and value metrics need to be measured and tracked beyond typical cost savings metrics
  • How to leverage proven methodologies and tools to improve alignment between Procurement and the business