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Mission Impossible: Balancing Cost Reduction and Risk Management in Procurement

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Sally Hardcastle
Dec 11, 2024

For CPOs and procurement leaders, the last 5 years have been monumentally difficult. The pandemic, geopolitical events, rising inflation and struggling economies have added pressure, stress and complexity to supplier management, supply chains, sourcing and procurement. CPOs and Heads of Source to Pay (S2P) are expected both to cut costs and mitigate risk – two objectives that can at times be at odds with each other.

This guide is based on an October 2024 webinar hosted by Susie West, Founder and CEO at sharedserviceslink, and presented by Amy Fong, Partner at Everest Group, and Olivier Berrouiguet, CEO at Synertrade. Looking at data from the Everest Group, it examines current challenges CPOs face, their priorities for 2025 and what the future of procurement technology looks like.

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