JUNE 2020CIOAPPLICATIONS.COM6Copyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.June 05, 2020, Volume 06 - Issue 14 (ISSN 2644-240X) Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsVisit www.cioapplications.com Managing EditorJoe Phillip*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffSalesSebastian Jacobsebastian@cioapplications.comEmailsales@cioapplications.comeditor@cioapplications.commarketing@cioapplications.comContact UsPhone: 510.330.5174Fax: 510.894.8405EditorialReorienting Procurement StrategiesThe procurement trends have been in a state of evolution since business organizations began investing in digital transformation. However, the recent pandemic crisis has thrown light into the many shortcomings that still lurk in the background ofthe procurement space. Looking at how the current situation has plunged the global supply chains into a quandary, organizations must reshape and reinvent their procurement strategies. Procurement teams will have to keep up with the volatile landscape by inculcating agility and redefining their work processes. Facilitating faster, decentralized decision-making will help in reorienting their procurement capabilities according to the current market conditions. Besides, in order to predict the impact of the new transformations and practices, procurement professionals will need a complete understanding of the latest procurement technology trends. The future holds endless possibilities, but organizations must be at the helm of change to gain maximum benefit.That being said, achieving a stable foothold in such unstable conditions will require expert guidance. Businesses must respond accordingly by forging partnerships with the best procurement companies in the world. In this edition of CIO Applications, we bring you the story of some of the most successful procurement solution providers that deliver the best outcomes for their clients. This edition also offers a combination of thought leadership from subject matter experts with real-life stories on fostering robust partnerships and exclusive insights from CIOs and CXOs. We hope this edition will provide you with the right assistance in choosing the best procurement solution providers according to your requirements.Let us know your thoughts!Joe PhillipManaging Editoreditor@cioapplications.comJoe PhillipGraphics & ArtIssac GeorgeEditorial StaffBen JacksonDaniel HolmesEzra BenjaminJune MichaelRose DcruzSenior WritersClara MathewLeah JaneRoyce D'Souza
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