Shaping Sourcing And Procurement In A Post Covid Environment It is time to build a future ready sourcing and procurement function covid 19 has disrupted the business world and challenged supply chain reliability. sourcing and procurement functions are facing demand imbalances leading to inventory challenges , uncertain reliability of delivery as well high risk of risk to supplier in single source. For procurement to help lead growth in the next normal, now is the time for leaders to begin work on reimagining every aspect of the function. (9 pages) in the year since the covid 19 health crisis began, business leaders around the world have been in crisis management mode to protect their people, their customers, and their enterprises.
Shaping Sourcing And Procurement In A Post Covid Environment The covid 19 crisis put supply chains into the spotlight. over the past year, supply chain leaders have taken decisive action in response to the challenges of the pandemic: adapting effectively to new ways of working, boosting inventories, and ramping their digital and risk management capabilities. Four megatrends are shaping the future ecosystem of procurement: an increasingly multipolar world that challenges the interconnectedness of global value chains. procurement leaders are therefore shifting focus from cost improvement alone toward resiliency and assistance to businesses that are adapting to volatile market conditions. In brief. ernst & young llp (ey us) conducted a survey of 200 senior level supply chain executives in late 2020 and 2022. the survey looked at topics including covid 19 impact on supply chains, priorities for the next 1—3 years and the path to digital autonomous supply chains. this article looks at 3 key findings from the research. This article maps the changes that will occur in supply chain planning and management in a post covid 19 world. it also reflects on the articles included in this special issue and draws key conclusions about how configurations of global supply chains might change. automation and digitalization are likely to play a key role in these transitions.
Shaping Sourcing And Procurement In A Post Covid Environment In brief. ernst & young llp (ey us) conducted a survey of 200 senior level supply chain executives in late 2020 and 2022. the survey looked at topics including covid 19 impact on supply chains, priorities for the next 1—3 years and the path to digital autonomous supply chains. this article looks at 3 key findings from the research. This article maps the changes that will occur in supply chain planning and management in a post covid 19 world. it also reflects on the articles included in this special issue and draws key conclusions about how configurations of global supply chains might change. automation and digitalization are likely to play a key role in these transitions. The u.s. china trade war and the supply and demand shocks brought on by the covid 19 crisis are forcing manufacturers everywhere to reassess their supply chains. for the foreseeable future, they. We relate the evidence included in the contribution to three critical capabilities of supply chains in the post covid 19 business environment – agility, adaptability, and alignment – and, in this editorial, we discuss how they can be conceptualized from a psm perspective.
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