Procurement is Changing for the Better

In its recent procurement research, APQC found that organizations have seen their procurement processes and systems undergo moderate or significant transformation amid numerous and varied disruptions. Many of the changes that have happened over the past five years are undeniably for the better. However, procurement still has opportunities to strengthen relationships with suppliers in ways that drive added value for companies and their supply chains.

This article shares some of procurement's most important strategic objectives and examine shifts in supplier relationship priorities and cost reduction goals.