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2021 Procurement Predictions

The Future of Procurement with Raphael Demmer

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At the beginning of 2020, Raphael Demmer and I predicted that procurement leaders would focus on 4 areas:

  1. Sourcing at speed
  2. Sustaining a zero-based culture
  3. Triple bottom-line impact
  4. Digitalization and ecosystem

2020 accentuated all that… and amplified supply chain risk and resilience as well as trade implications.

Raphael adds a reflection and 3 more focal points as we head into 2021:

  1. Renewed focus on supply chain risk management and resilience
  2. Shift to local/regional supply
  3. Shift to niche and specialist IT and tools over large-scale transformations

…and I’ll add 3 more that are 2021 imperatives for procurement and our supply chains to continue to progress:

  1. Diversity and inclusion always
  2. Leadership at all levels
  3. All in collaboration and action

We are excited about the future role and impact of procurement in 2021 and beyond!

 

Lance Younger, CEO, ProcureTech

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