New items of legislation for transparency within procurement should not be treated with annoyance but should serve as a springboard to look within your own company at ways to improve the transparency of your own supply chain.
Procurement has long had the reputation of being a function that inhibits the business, creating rules and limits where none need to exist. Many functions are trying to change that perception but to do so requires an understanding of where you are trying to get to
Sometimes it’s worth looking at where procurement has gained the most ground to understand where it’s going next. Automotive has been one of those crucibles of success and one of the areas where there remains a fascinating balance in the procurement space between old values and new ideas.
How much trouble is the traditional logistics industry in, at threat from Amazon’s drones from above and innovative app-based processes from below? In answer, it depends on the versatility of existing established firms and their willingness to innovate.
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