For a long time, procurement in the manufacturing industry was a relatively static operation. Procurement specialists would build relationships with suppliers that they trusted, focusing on cutting costs and ensuring quality above all else, then rely on those relationships to develop a procurement strategy that changed very little from month to month and year to year.
Today, however, many manufacturing operations are starting to make use of a different procurement strategy known as agile procurement in order to both reduce risk and better take advantage of opportunities that arise. But what is agile procurement, and how can procurement specialists best capitalize on this new approach?
In this ebook, we'll explain and examine the advantages of agile procurement within manufacturing and how best to implement an agile procurement strategy.