According to The Hackett Group's 2021 Key Issues Study, spend cost reduction is firmly back at the top of the procurement agenda (see “2021 procurement key issues” on page 4) following an extremely volatile year, including a global health pandemic, substantial economic disruption, a tense political climate and growing calls for social justice around the world. In times of such great uncertainty, procurement must provide stability to the enterprise through spend cost reduction and supply assurance.
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According to The Hackett Group's 2021 Key Issues Study, spend cost reduction is firmly back at the top of the procurement agenda (see “2021 procurement key issues” on page 4) following an extremely volatile year, including a global health pandemic, substantial economic disruption, a tense political climate and growing calls for social justice around the world. In times of such great uncertainty, procurement must provide stability to the enterprise through spend cost reduction and supply assurance.