The procurement function is impacted by several challenges associated with business disruption including increased competition, aggressive pricing, rapidly changing technologies and new regulations. The procurement leader must ensure supply chain costs are optimized while balancing the reliability of supply, supporting social and corporate responsibilities, and mitigating risks.
Gartner research reveals that 52% of procurement leaders think professional services are ideal for cost optimization.
However, the most significant barrier to cost optimization exists outside of procurement:
- What are the challenges that category managers face when it comes to cost optimization?
- Which group at your company is most likely to resist procurement's cost-cutting efforts?
Procurement leaders are using four approaches to resolve business resistance. Download the report to learn about the cost management approaches to resolve business resistance.