Please enable JavaScript.
Coggle requires JavaScript to display documents.
Five Procurement Trends in 2023, José Angel González Linarte, image, image…
Five Procurement Trends in 2023
1. The Rise Of Digital Procurement
Digitalization
achieving company and procurement
objectives
Automating manual tasks - sourcing and purchasing goods and services
Saves time
Reduces risk of errors
Biggest barriers
Lack of talent to harness the power of machines
Poor vendor support in implementing new technology
New technology not being supported by the right processes and skills
2. Vendor Management Turns Its Focus To Sustainability
prioritize
suppliers that have strong sustainability practices
reduce environmental impact - procurement process
eco-friendly materials
sourcing goods and services locally
finding suppliers
that use renewable energy
Impacts
Reputation, cost of goods and services, positioning
3. From Transactional To Strategic Sourcing
removing low-value work -
focus on high-value work,
More opportunities
vendor onboarding
contracting
risk management.
increasingly optimized via
technology
analyzing an organization’s procurement needs and
identifying the most cost-effective and efficient sources for goods and services.
4. Becoming Partners With Our Vendors
Building strong relationships with your vendors
long-term success
work closely with third-parties to identify cost-saving opportunities
improve the quality of products and services.
secure commercial advantages
Lower total cost in ownership
New services/goods offered to you before their other customers or your competitors
Increased collaboration that can reduce risk events emerging
5. Prioritizing Vendor Risk Management
protects your
organization against a wide range of potential risks and threats.
Cyber risks, Product defects, Data breaches
Mitigate Vendor risks
Conducting due diligence on new vendors, Contract terms, Monitoring vendor's financial health
Trends for 2023
Digital procurement, sustainability, strategic sourcing,
vendor relationships, and vendor risk management
FOCUSES ON
digitalization
sustainability
strategic sourcing
vendor
relationships
vendor risk management
save money, reduce their environmental impact, and improve their
business’s reputation
José Angel González Linarte
