Strategic sourcing has become increasingly challenged by its own success. At many companies, multiple waves of sourcing have resulted in a consolidated supply base, with supplier profit margins kept in check by regular application of competitive pressure. In other words, the low-hanging fruit has been picked.<\/p>\n
Meanwhile, services comprise nearly 75% of GDP in high-income countries, and research indicates that companies invest roughly 50% more in intangible assets (for example, brand, intellectual property, data assets) than they do in physical assets.<\/p>\n
At the same time, new and evolving technologies offer the promise of digital transformation \u2013 though separating hype from reality is no easy matter.<\/p>\n
To continue to uncover and deliver value in this brave new world, Procurement & Supply Management professionals need new strategies and tools. During this session, we will explore emerging opportunities and cutting-edge practices – and we will consider how Procurement can evolve from sourcing goods and services, to sourcing solutions, external talent, and innovation<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":" Procurement (1A): Procurement and Supply Management in the Future Strategic sourcing has become increasingly challenged by its own success. At many companies, multiple waves of sourcing have resulted in a consolidated supply base, with supplier profit margins kept in check…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"eventcat":[],"organizer":[],"event_tags":[],"location":[],"class_list":["post-2183","event","type-event","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.newenglandsupplychainconference.org\/wp2019\/wp-json\/wp\/v2\/event\/2183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newenglandsupplychainconference.org\/wp2019\/wp-json\/wp\/v2\/event"}],"about":[{"href":"https:\/\/www.newenglandsupplychainconference.org\/wp2019\/wp-json\/wp\/v2\/types\/event"}],"author":[{"embeddable":true,"href":"https:\/\/www.newenglandsupplychainconference.org\/wp2019\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newenglandsupplychainconference.org\/wp2019\/wp-json\/wp\/v2\/comments?post=2183"}],"version-history":[{"count":5,"href":"https:\/\/www.newenglandsupplychainconference.org\/wp2019\/wp-json\/wp\/v2\/event\/2183\/revisions"}],"predecessor-version":[{"id":2679,"href":"https:\/\/www.newenglandsupplychainconference.org\/wp2019\/wp-json\/wp\/v2\/event\/2183\/revisions\/2679"}],"wp:attachment":[{"href":"https:\/\/www.newenglandsupplychainconference.org\/wp2019\/wp-json\/wp\/v2\/media?parent=2183"}],"wp:term":[{"taxonomy":"eventcat","embeddable":true,"href":"https:\/\/www.newenglandsupplychainconference.org\/wp2019\/wp-json\/wp\/v2\/eventcat?post=2183"},{"taxonomy":"organizer","embeddable":true,"href":"https:\/\/www.newenglandsupplychainconference.org\/wp2019\/wp-json\/wp\/v2\/organizer?post=2183"},{"taxonomy":"event_tags","embeddable":true,"href":"https:\/\/www.newenglandsupplychainconference.org\/wp2019\/wp-json\/wp\/v2\/event_tags?post=2183"},{"taxonomy":"location","embeddable":true,"href":"https:\/\/www.newenglandsupplychainconference.org\/wp2019\/wp-json\/wp\/v2\/location?post=2183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}