Stay Ahead with CAPS: Generative AI Report, Per Diem Payments, Empowering Digital Transformation, Access Added Content

Top challenges Procurement/SCM organizations face with suppliers that affect achieving cost savings include, limited leverage due to sole-source or single-supplier situations, limited supplier competition in key categories and market volatility affecting prices and supply. By proactively addressing these challenges organizations can strengthen their negotiating power, stabilize supply and pricing, and unlock meaningful cost savings, ultimately boosting resilience and competitiveness.

Stay Ahead with CAPS: The Impact of Hospital Mergers on Supply Chain Performance, A framework for Adopting Emerging Technologies, Purchase Order Cycle Time

Procurement/SCM leaders report top obstacles that impact their ability to effectively execute their roles are access to data that can drive decision-making (37%), a shortage of talent, skills, and/or frequent turnover (37%), and outdated technology/software (31%). Removing these obstacles improve operational efficiency, enhance competitiveness, and sustain long-term growth.