Team Zycus
Challenges in bringing off-contract spend under control
Procurement teams need to establish a robust and standardized procurement process, and leverage advanced technologies such as spend analytics and e- Procurement.
Factors hindering an effective third-party risk management program
The last few years saw a majority of procurement efforts being put towards mitigating and managing supplier risk. Yet, many orgs. struggled to establish an effective TPRM program.
Challenges when rebalancing growth amidst price inflation
Now that global economies are recovering from supply disruptions, the growth agenda is taking precedence. However, an impending recession requires teams to balance their expectations with ground reality.
Challenges in achieving procurement and accounts payable synergy
While procurement-AP synergy has several advantages, such as improved efficiency & decision making, and better financial management, organizations find it difficult to realize these benefits.
Challenges your organization may face in adopting AI
AI is no longer the future. It is the present. Procurement teams have already started realizing benefits from AI. However, not all organizations have been able to adopt AI to similar success.