Key Issues Study:

What are the top 10 procurement focuses in 2021?

Over the past year, organizations around the world dealt with an abundance of unexpected global situations and focused on resiliency in the chaos. According to a recent study, procurement leaders are looking at 2021 as an opportunity to strategically support their organization’s objectives.

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After a year of turmoil, businesses look to procurement to provide stability

Organizations are stepping up their transformation efforts, implementing modern technology, developing new capabilities, and adapting their operating models.

The Hackett Group’s 2021 Key Issues Study identified the 10 most important goals in the procurement agenda creating a call to digital action that includes:

  • Improving procurement agility through simplification, empowering decision-making and calculated risk-taking, digital processes, and streamlined governance
  • Elevating the role of procurement business partners to one of business enablement leaders who can develop and maintain strong relationships
  • Enhancing third-party risk management capabilities across a broader range of risk exposures, going deeper into the levels of the supply chain, and continuous risk monitoring throughout the supplier life cycle
Download now to read dive into the top 10 priorities of CPOs in 2021 including how to accomplish critical objectives.

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