In a rapidly changing and challenging world, organizations continually strive to improve business performance and capture market advantage. Businesses must anticipate and plan for the future and build in resilience to address unexpected events. Businesses depend on uninterrupted performance of their capital assets, production facilities, and infrastructure to be successful.
Procurement is one of the most-often neglected and difficult functions for organizations to maintain a high level of performance and efficiency. Yet, an organization’s procurement performance is vital, as it forms the basis for the organization’s economic performance and good management.