Key trends in purchasing best practices and impact on purchasing strategy

Abstract

As competitive pressure intensifies in most industries, CEOs are increasingly putting procurement at the top of their agendas. The corporate world is dealing with an onslaught of modern challenges, ranging from globalization, to the entry of new competitors, through to rising material prices. Purchasing, which is viewed as a way to master these challenges, is shaping up to develop even further into one of the hottest corporate topics of the next decade.