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

The Hackett Group

Other critical development areas include category management, sustainable procurement, third-party risk management and supplier relationship management. Data analytics was one of several improvement initiatives deemed to be of high importance but low maturity, making it a critical development area.

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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. It’s a core part of our business strategy, intertwined with our operations and corporate ethos.

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Six Levers for Digital World-Class Procurement Performance

The Hackett Group

Understanding the sources of digital world-class performance. This also includes investments in emerging technologies such as smart automation, advanced analytics, and collaboration tools that enable greater automation. Modernizing architecture design and managing it effectively are absolutely critical for simplifying the complexity.