When the recession puts quality at risk, use procurement to protect value
Watching the pennies and focusing on spend management can keep organisations stable during economic uncertainty – but it will take a more nuanced strategy to achieve growth.
Just as the global supply chain crisis prompted a boom in start-ups, so the economic squeeze will likely prove a lure for tech investors, directing more attention to upstream pain points ripe for transformation. It's prime time for organisations to rationalise.
In this issue we look at procurement and supply chain as the guardians of value; minimising the risk of quality erosion, while identifying opportunities for development – for businesses and suppliers. Because while you could defer investments until you ride out recession, do you really want to stay at square one?
Also in this issue:
CPO interview: Dan Bartel, CPO of Schneider Electric, talks about being a sustainability influencer, developing future leaders, and the power of connecting with a company's mission
Leadership roundtable: What challenges can procurement and supply chain expect to encounter this year? Leaders and experts share their tips
Skills: Seconding your staff to supplier sites can reap a range of benefits, but it's not without risks. We look at the pros and cons, as well as how to support your staff during a cost of living crisis
Case study: How NHS Supply Chain is transforming the health service to a value-based model, focusing on resources not cash
Analysis: Are you cut out for a career in procurement? How the pressure of the past few years is forming a new breed of professional with a different skillset.
Read all of these articles and much more in Supply Management magazine: