It is the responsibility of companies to address the environmental and social aspects of their operations. In this context, procurement plays a crucial role in translating corporate goals into concrete solutions. The most effective method for this is a comprehensive and value-creating transformation of procurement.
A Special Machinery Manufacturer with over 6000 employees and 1.2 billion euros in annual revenue faced challenges after being carved out from its parent company.
In this year's Procurement Transformation Study, INVERTO, together with over 115 participants, shed light on the transformation of procurement in companies.
Companies must balance the dimensions of risk management, value creation and sustainability. Management plays a crucial role in successful implementation.
Berthold Kraus, Chief Procurement Officer at Syntegon, talks in an interview about success factors in the transformation of procurement.
In view of the current crises, companies and their procurement departments have to face a wide variety of challenges - reconciling sometimes conflicting objectives is a balancing act that can only succeed if the management team is actively involved, as we explain in the cover story.
Companies must balance the dimensions of risk management, value creation and sustainability. Management plays a crucial role in successful implementation.
Peter Jeitschko, Solutions Sales Specialist for Artificial Intelligence at Microsoft Austria, talks in an interview about trends, collaboration between data teams and business departments.
