01 Apr 2021 -

Procurement gaining a strategic role as traditional methods fail, finds new report

A new report finds that procurement is in the early stages of playing a more strategic (versus operational or tactical) role in the modern organisation,  according to a new survey from the IPG Group and JAGGAER reported in Source Today.

Instead of being solely operational (i.e., meeting daily purchasing needs) or tactical (focused on short-term, transactional activity), modern procurement teams are taking a more systematic, long-term view of organizational needs and developing holistic approaches to meeting those requirements.

The report found that the average number of suppliers managed by a strategic procurement professional has increased considerably—from 6 in 2016 to 16 in 2020.

“In some organizations the process of radical change has been further accelerated with the COVID-19 crisis,” the organizations state in the report, “which has forced companies in many sectors to work even more closely and interactively with suppliers. They are looking to take new initiatives in digital transformation because traditional methods no longer suffice.”

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

Either through the hundreds of manufacturers we purchase directly from, or the international network of component supply-partners offering full product traceability, Astute Safe-Supply, run by sourcing experts and offers a deeper insight into the global components markets.

With real-time access to the latest listings and prices cultivated through several decades of close supplier partnerships, we are able to spot price disparities and leverage product price variances to deliver cost-effective solutions to customers, whilst ensuring a quality, risk-free supply.

For more help with looking at supply chain options, contact Astute Electronics here

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