ABSTRACT
While analytics tools have improved significantly, their usage within procurement are still fairly limited, with their purpose being clearly understood. As discussed, organizations should have a corporate procurement strategy and plan, normally produced by their procurement department and should include procurement activities across the organization and business units. Challenging and managing procurement activities using category management tools and techniques will ensure that resources are focused where they will achieve the greatest value for the resources applied. Sustainable procurement is a process whereby organizations meet their needs for goods and services in a way that achieves value that produces financial and other benefits, only to the organization, but also to society and the economy, while minimizing damage to the environment. Utilizing the aforementioned tools and techniques and more is required to manage procurement in today's complex and ever-changing global supply chain; this is our next topic.
