Data has become one of the most valuable assets a company can have. And when it comes to procurement, having reliable, accurate and up-to-date data is the key to carrying out successful strategic work that will bring the company the best deals and savings.

With more and more companies following the trend in digitalising their supply chains, the potential risks of data-leaks and cyberattacks also increase.

Looking under the bonnet of a business and analysing where growth and increased margins can be achieved is what drives Richard Cotter, former CEO of Snow + Rock and entrepreneur.

Times have changed, and purchasing preferences have changed with it. Buying from a company that takes supply-chain sustainability seriously is now one of the most important criteria for consumers – and companies now need to adapt to help shape a better future.

As Head of Innovation at Alder Hay Children’s hospital, Dr Iain Hennessey says he has achieved more innovation in one year of the pandemic than the previous ten years put together.

A recent report conducted by Accenture among supply chain leaders revealed that when it comes to being advanced in terms of technology, talent and processes, only 4% of organisations meet this level – and only 34% are expected to reach the future-ready status by the end of 2023.

Emerging technologies consistently present new opportunities for Procurement to adapt for their own working practices – especially when it comes to helping improve processes, increase traceability, reduce costs and automate laborious activities.

To become an expert at bomb disposal you need to understand the bomb maker’s mind. So says Major Chris Hunter who encountered some of the most challenging life and death situations, during tours of Iraq and Iran.

More than a year into the COVID-19 pandemic, corporate buyers and procurement professionals, in general agree that digital and remote interactions are here to stay according to research and analysis conducted by McKinsey & Company.