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Home » Market Update » Procurement gaining a strategic role as traditional methods fail, finds new report

A new report finds that procurement is in the early stages of playing a more strategic (versus operational or tactical) role in the modern organisation,  according to a new survey from the IPG Group and JAGGAER reported in Source Today.

Instead of being solely operational (i.e., meeting daily purchasing needs) or tactical (focused on short-term, transactional activity), modern procurement teams are taking a more systematic, long-term view of organizational needs and developing holistic approaches to meeting those requirements.

The report found that the average number of suppliers managed by a strategic procurement professional has increased considerably—from 6 in 2016 to 16 in 2020.

“In some organizations the process of radical change has been further accelerated with the COVID-19 crisis,” the organizations state in the report, “which has forced companies in many sectors to work even more closely and interactively with suppliers. They are looking to take new initiatives in digital transformation because traditional methods no longer suffice.”

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