Recent remarkable events have profoundly affected everyone, both at home and at work. These kinds of occurrences exemplify the volatility, uncertainty, complexity, and ambiguity (VUCA) that characterize today's corporate environment. Additionally, globalization is changing supply chains into interconnected networks that are susceptible to rippling effects. As a result of these factors, numerous organizations have faced supply shortages or extended lead times.
The same organizations have also suffered self-inflicted injuries due to the race to become hyper-efficient. For instance, several companies have minimized their inventory, introduced just-in-time operations, and reduced their supplier base. This made it near impossible to tolerate unexpected obstacles and compromised their ability to operate during a crisis.
However, there are multiple opportunities available to change course and reposition yourself for the better.
In this whitepaper, LevaData, in partnership with Spend Matters, discusses the current state of the sourcing and procurement industry and offers a clear path to help you ensure your organization will win at all things supplier management.
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