ProcureCon Indirect East 2024 Blog » Newsletter

Innovations and Trends in Pharma and Life Sciences Procurement

05/10/2021

In 2020 and 2021, the COVID-19 crisis exacerbated long-standing supply challenges, especially a shortage of components to develop much-needed drugs and medications. Thankfully, organizations are taking a hard look at their procurement processes. 

Driving Agile Procurement Transformation with Group Purchasing

05/10/2021

The past year has taught companies some valuable lessons about how to stay resilient. But agility is perhaps the most important factor in deciding how an organization can adapt to a rapidly changing business environment.

Procurement Can Help the Organization Emerge from the Pandemic Stronger

05/10/2021

According to Financial Management, 95% of business leaders said their companies experienced disruption to strategic sourcing and supplier management processes during the pandemic.

Building More Diverse and Inclusive Teams in Procurement

04/13/2021

In procurement, many organizations have focused on developing supplier diversity as a social responsibility and a business imperative. But procurement organizations must also look internally, incorporating diversity into their own teams...

Sustainability in the Supply Chain: The Role of Green and Reduced Packaging

04/08/2021

Reducing waste and pollution in the supply chain has been a hot topic for years, but the need is becoming more urgent. Climate change and waste in our oceans have dire implications for the global economy as well as the health and wellbeing of those living on our planet...

Cybersecurity and the Remote Workforce: The Role of IT Procurement

04/07/2021

Today's procurement processes operate on multiple platforms and technologies, across borders and oceans, and within multiple integrations between enterprises. Inevitably, sensitive data such as bank account numbers, credit card numbers, invoices, bid information, names, addresses...

Solving the Biggest Challenges in Supplier Diversity

04/07/2021

The ethical and business cases for supplier diversity are already well-established. Developing a diverse supplier base can help organizations promote innovation through the introduction of new products and services, add resiliency and flexibility to the supply chain, and drive competition...

How the Role of Procurement Leadership is Changing in 2021

Now that Procurement leaders are taking part in strategic discussions, they have more opportunities to prove the value of the function. It also represents a significant shift in how organizations are structured around Procurement and which stakeholders the function reports to.

Investments in Robotic Process Automation Deliver ROI - But Barriers Remain

Here, we'll explore the current state of RPA in the Procurement function and what lies just over the horizon for this capability.

Procurement Technology Has Reached a Mature Level of Performance - What's Next?

The quality of Procurement's supplier selection and the function's ability to manage its myriad suppliers are increasingly connected to technology solutions, and cloud-based solutions are dominating this space.