Improving competitive status begins in-house with the alignment of every function to reach strategic goals. For purchasing, this means changing the way business is conducted by incorporating digital communication technologies for internal and external collaboration.
&mbar; By Gerald Donald

Times change, and so must business functions. Gaining a competitive advantage today is not just about improved marketing to customers. It depends on every function being at the top of its game, and the only way to do that is through digital technologies and collaborative processes.

For procurement, collaboration has emerged as a key factor in achieving the fullness of the competitive advantage that strategic sourcing and purchasing can bring. Done right, the purchasing function incorporates factors like digital analytics and platform-based systems that enable procurement of resources for simplified product designs that achieve results such as minimized waste ...