August, 20206 Today, procurement consultancies are functioning very differently than how it used to, just five years ago. Amid economic headwinds, companies operating worldwide need to build a more flexible supply chain and an empowered procurement function. This transformation, in turn, will be reshaping the function's strategy, priorities, and organizational structure. With top companies redefining their customer expectations, it has become imperative for businesses to improve their supply management capabilities and overcome cross-functional silos. As of now, they need to focus on processes such as supply management that include inventory management and coordination of pre-production logistics to stay competitive, improve customer satisfaction, and ensure the organization's success.Enabling user-friendly processes, policies, and harnessing broad data sets to drive automation and analytics, and empowering self-service across all processes to do more with less are just some of the disruptions quickly making their way into each organization. Therefore, procurement and supply chain management will assist businesses in maximizing profits by balancing cost reduction, supplier quality, assurance of supply, and increasingly unlocking supplier innovation. As the manufacturing and supply chain environment becomes complex, procurement and supply chain management functions will evolve into strategic manufacturing companies that need to find new avenues for optimizing the supply chain. In this edition, we highlight companies that are making waves in the procurement consulting and services arena. The firms highlighted in the edition bring proven frameworks and tools to enable companies to stay a cut above the rest. The edition also includes insightful articles from industry thought leaders. Let us know your thoughts!Annie JohnsonEditorialProcurement at the ForefrontAnnie JohnsonManaging Editoreditor@apacciooutlook.comArt & GraphicsAmelia StewartRonald DonovanToby LangtonJie Ch'angManaging EditorAnnie JohnsonSenior WritersLane Adams Clara MathewRoyce D'SouzaEditorialAlfred MardinLouis BeckerRachael ClarkRoy ChowDai ShihDan StanleyAUGUST - 19 - 2020, Volume 06 - Issue - 66 (ISSN 2644-2876)Published by ValleyMedia Inc.Emailsales@apacciooutlook.comeditor@apacciooutlook.commarketing@apacciooutlook.comSalesJames Williamjames.william@apacciooutlook.comTo subscribe to APACCIOOutlookVisit www.apacciooutlook.comCopyright © 2020 ValleyMedia Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*"Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff"
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