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Hackett: Procurement Renews Focus On Cost Reduction as its Top Priority

The Hackett Group

Procurement leaders are also actively evaluating how generative AI (Gen AI) can help them improve both efficiency and effectiveness in a range of functional areas. Procurement is once again anticipating an efficiency gap in 2024 as workload is expected to increase by 8% in 2024, while budgets are expected to rise by only 1.6%.

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The Hackett Group: Supply Continuity and Inflation Are Critical Procurement Priorities for 2023

The Hackett Group

But it was surprisingly absent from procurement’s list of top priorities for 2023, in part because executives view talent management as a relatively mature capability. and an efficiency gap of 7.8%. indicates a growing reliance on technology to increase procurement productivity, efficiency and effectiveness. An expected 10.6%

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The Business Benefits of Impact Sourcing: Beyond Social Good

NoonDalton

In today’s fast-evolving business landscape, the integration of Environmental, Social, and Governance (ESG) principles into corporate strategies is not just a trend but a fundamental shift in how businesses operate and thrive. The business benefits of Impact Sourcing extend far beyond the realm of social responsibility.