As the time nears to bid adieu to the most eventful year in decades, we look back at the challenges faced alongside the necessitated developments and trends in procurement in the last edition of 2020.
While the outbreak of COVID-19 in the early months of 2020 severely disrupted supply chains across the globe, the pandemonium also led to a quick realignment in company strategies. This in turn fast tracked several digital developments in procurement that were in the pipeline for a prolonged period. Read about it further in our analysis.
In our feature story, we talk about some of the promising developments born out of the chaos, and that are set to play a pivotal role in driving the future of procurement.
Hope you have an exciting read filled with festive cheer.
Wish you all a Merry Christmas and a very happy and prosperous New Year.
Disruptions aside, the year 2020 has been a year of learnings and realizations. The vulnerabilities in supply chains have given way to new strategies and collaborations, mitigating the risks of crises.
Digital transformation became the driving force for Procurement in 2020. In this joint paper by EdgeVerve Jaggaer, we present a CPO checklist to enable digital transformation for the enterprises of tomorrow.
Cash has been the undisputed king this year. Forward thinking enterprises are learning from the pandemic to realize the need to explore other than usual avenues to free up cash.
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