Maintaining the status quo is easy, particularly if things seem to be going well. When tried-and-true methods have worked for decades, there’s less incentive to fix what isn’t broken. That’s true in any facet of business, including procurement. But change inevitably happens. The COVID pandemic was a clear wake-up call to reevaluate existing procurement methodologies. Beyond that, the continuous evolution of manufacturing technology adds another variable to the mix, putting pressure on procurement officers to recognize and respond to change.
The good news is while you can’t forecast the global disruption, you can stay ahead of manufacturing advancements and adapt accordingly. In this blog post, we’ll explore key innovations in manufacturing that every procurement officer should be aware of to keep their organization agile and competitive.
Key Manufacturing Trends for Procurement Officers
Several important elements comprise modern manufacturing trends. Let’s look at each one and their influence on effective procurement strategies.
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