For most firms, supply chains now are global and complex. Whilst there have been significant benefits from this, there is also risk – as well as significant cost associated with managing them. Taking control of the supply chains that support your business requires an integrated procurement function that acts with intelligence and insight. The opportunity is there to transform your procurement function into a valuable asset that promotes growth throughout the wider business.
Common challenges that face a modern procurement function include:
We’ve worked with procurement teams around the world to deliver Powered Procurement to help drive transformation to create a more agile operation and save costs. Powered Procurement does this by providing proven operating models based on our know-how, leading practices and a set of pre-defined assets built on top of leading third-party technology solutions.
This creates a platform for procurement designed to enhance performance and optimize cost and risk, which could include:
KPMG Powered Enterprise | Procurement is enabled by market leading platforms, including Coupa, Ivalua, Oracle and SAP.
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The procurement function must develop new capabilities to stay in front of change.