Gcobisa Gosa

……………………..l…………………..

Procurement is about collaborating with internal and external stakeholders, critically analysing company spend and supplier risks, in order to achieve set goal, which in turn will increase the company's bottom line. One needs to therefore, ensure a continuous process of discovering, prioritizing, improving and re-evaluating sourcing activity management. This will satisfy business needs and add value to the organization.

The COVID-19 pandemic is leaving a huge negative impact on the economy. Procurement & Contract leaders can do much in order to lessen the impact, such as working with stakeholders to understand changing expenses, and make smart spend cut decisions that ensure business continuity while saving expenses. We can also create multi-tier supplier visibility to identify, predict and tackle operational disruptions etc.

Rather than looking at the pandemic as a destructive wave and loose hope, we need to work on mitigating the worst impact and turning the situation into a competitive advantage..

Procurement is about collaborating with internal and external stakeholders, critically analysing company spend and supplier risks, in order to achieve set goal, which in turn will increase the company's bottom line. One needs to therefore, ensure a continuous process of discovering, prioritizing, improving and re-evaluating sourcing activity management. This will satisfy business needs and add value to the organization.

The COVID-19 pandemic is leaving a huge negative impact on the economy. Procurement & Contract leaders can do much in order to lessen the impact, such as working with stakeholders to understand changing expenses, and make smart spend cut decisions that ensure business continuity while saving expenses. We can also create multi-tier supplier visibility to identify, predict and tackle operational disruptions etc.

Rather than looking at the pandemic as a destructive wave and loose hope, we need to work on mitigating the worst impact and turning the situation into a competitive advantage..