Chief procurement officers continue to feel growing pressure to deliver cost savings and impact broader financial metrics like operating margins and earnings per share. BravoSolution, the advanced sourcing company, predicts that organizations will be forced to transform the way their sourcing and procurement teams operate in 2014, and turn to new, innovative strategies to drive success.
“Even as sales start to rebound, the spotlight on procurement remains,” said Mickey North Rizza, VP of Strategic Services at BravoSolution. “Cutting-edge procurement teams have proven that not only can they reduce costs, but they can also drive innovation, profit margins and company growth. That’s the new industry standard of excellence.”