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CIO Applications Weekly Brief

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Editor's Pick (1 - 4 of 8)
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Technology Changes to Supply Chains Demand Good Leadership

Technology Changes to Supply Chains Demand Good Leadership
Kevin Glynn, VP and CIO, DSC Logistics

Hidden Costs of Outsourcing and Offshoring for Financial Services Firms: Third-party Financial Data Licensing

Hidden Costs of Outsourcing and Offshoring for Financial Services...
Kristin Gallagher, Director–Global Sourcing & Procurement, Russell Investments

Procurement Transformation - Be Careful What You Wish For

Procurement Transformation - Be Careful What You Wish For
Jeff Stovall, CIO, City of Charlotte, NC

Cloud Computing Benefits Procurement in Two Ways

Cloud Computing Benefits Procurement in Two Ways
Erwin Eimers, CIO, Valent U.S.A. Corporation

Balancing Customization and Business Process Change in an eProcurement Implementation

Balancing Customization and Business Process Change in an...
Benjamin Ho, Deputy Procurement Officer, City of Chicago Department of Procurement Services

High Performing SRM Cultures Require Technology

High Performing SRM Cultures Require Technology
Ryan Nied, Executive Consultant, State of Flux

Partnering with Procurement to Increase Automation

Partnering with Procurement to Increase Automation
Aaron G. Thum, Executive Director, Procurement and Vendor Management, GardaWorld Cash Services

Aligning Procurement Teams with Data

Aligning Procurement Teams with Data
Jeff Stites, CIO, Diamond Foods

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Four Trends in Procurement and Supply Chain to Keep an Eye On

By Joe Phillip, CIO Applications | Monday, February 10, 2020

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With companies building their efforts to develop and monitor tracking data across the supply chain, they need to ensure that their interpersonal connections remain strong.

Fremont, CA: The COVID-19 pandemic has presented an unstable environment for procurement professionals globally. And these problems will likely continue to exist for a while. To manage it, here are four procurement and supply chain trends to keep an eye on:

More companies are putting tech first

As companies find ways to find their supply needs, they are also increasing the technology investments that help them get higher visibility into their operations.Top Procurement Solution Companies

Regulatory changes could be coming

Regulations, especially those concerning international trade, have changed in the past years and are expected to have more future changes. Procurement professionals will closely monitor the developments, especially with a new U.S president. However, most of them will likely be predictable as the U.S. leans to normalize trade relations in 2021.

Relationships become even more critical

With companies building their efforts to build and monitor tracking data across the supply chain, they need to ensure that their interpersonal connections remain strong. A good relationship with suppliers and other partners will be essential for any company to quickly and easily scale when needed.

Outsourcing and global supply chains will become less common

Ever since the pandemic, companies are faced with the unpredictability of supply chains in the procurement process. This is why businesses are trying to broaden and shorten their chains. Many organizations in different fields have some dependence on outsourced work and supply chain extending thousands of miles.

See Also: Top Supply Chain Solution Companies

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