The Spend Management Leaders Offer Predictions for 2019.
Willow Grove, PA (December 27, 2018) – As another eventful year draws to a close, Source One’s Procurement consultants are publishing their predictions for the year ahead. In Procurement in 2019, the experts in spend management reflect on the last twelve months and set their sights on the exciting future ahead. Publishing predictions has become an annual tradition for Source One. The team of expert consultants welcomes the opportunity to survey the Supply Management landscape and offer their thoughts on its most prevailing subjects.
“With our acquisition by Corcentric, a number of publications, and several new additions to our service offering, 2018 was a banner year for all of us at Source One,” says VP of Professional Services Joseph Payne. “Unfortunately, for many Procurement professionals the year was notable for all the wrong reasons. Escalating tariffs, extreme weather, and a slew of other issues forced businesses to act fast and adapt their operations. We hope for this year’s predictions to provide readers with a sense of security. While we don’t dance around the issues facing Supply Chain Managers, we advocate for a careful and strategic approach and even offer best practices for organizations looking to make the most of these uncertain times.”
Among the challenges addressed in the new whitepaper is Procurement’s ever-present talent gap. While Source One addressed the skills shortage in broad terms last year, they take a more targeted approach this time around. Procurement groups, they suggest, are sorely lacking when it comes to Cyber Security and Data Science skills. They predict that organizations will move swiftly to close these gaps by creating new positions, redesigning their training programs, and looking for talent in unexpected places.
Source One, a recent winner of the Green Supply Chain Award, also expects the Procurement function to redouble its efforts to promote sustainability. “The move toward greener business practices is nothing new,” remarks VP of Operations William Dorn. “What is new, at least relatively speaking, is the idea that Procurement can and should take an active in promoting this shift. As more organizations begin to pursue Triple Bottom Line growth, expect their purchasing units to lead the way.”
2018 was perhaps the most exciting year in Source One’s history. This publication brings it to a close with a reminder that the discussions driving Supply Chain Management are only just beginning. “I can’t think of a better way to end the year,” says Dorn, “than by kick-starting a series of new conversations.”
Source One looks ahead to another year of elevating Procurement and advocating for its strategic value. In April, they’ll host industry leaders at the ExecIn Forum and throughout the year they’ll publish thought leadership, refine their service offering, and unveil the newest iteration of their eSourcing platform.