Singapore

Details

  • Industry: Financial Services
  • Type: Business and industry issue, Publication series
  • Date: 7/18/2013

Financial Services Briefings (Issue 10, Jul 2013)  

As procurement functions mature, it becomes increasingly difficult to achieve competitiveness by leveraging traditional price levers. Many functions today are therefore seeing the optimisation of their end-to-end supply chains as one way of doing so.
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Leveraging recent technological advances and new systems can help, but procurement functions ultimately need to work more closely with their key stakeholders, start this process earlier, and take on more proactive roles in supply chain risk management.