Industries and trade relations are undergoing radical change. Companies and business models are in the midst of transformation.
Securing and restructuring supply chains affect the entire value chain: The strategic importance of procurement for a company’s success has likely never been greater. At the same time, complexity is increasing:
While for decades a triangle of cost, quality, and time shaped purchasing decisions, critical factors such as resilience, sustainability, and innovation have now been added. The “magic triangle” has evolved into a complex polygon.
To navigate these complex interdependencies, the procurement department needs a compass. Without a strategic direction, sustainable business operations are not possible.
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