Observatory

This initiative examines the intricate dynamics of data sharing practices within the automotive supply chain and distills insights that are valuable beyond this focal industry and are applicable across a vast range of industries.  

Procurement teams have a pivotal role to play in the current decarbonation effort. We describe in this report how different layers of change need to be activated to make this a reality!

As companies have extensively streamlined their activities around core competencies, their success now depends on external sources of innovation. For Purchasing teams, this promises many changes ahead and offers unique opportunities and challenges.

With the advent of the internet of things, a number of megatrends have started to collide. How companies strategise, innovate, operate and engage with external players becomes utterly important. Purchasing teams have an opportunity to rethink their Business Models and to be amongst the pioneers who will lead this transformation.

Purchasing teams are increasingly realizing that they need to look beyond the classics and search for new opportunities to contribute to their Company’s success. This sometimes includes working with Start-ups! Our Companies are now surrounded by dynamic ecosystems where Start-ups are gradually taking prominent roles.

The rapid pace of changes requires companies to innovate more, to innovate faster and more efficiently. When it comes to innovation, culture is an essential ingredient of success. If purchasing teams around the world want to seize opportunities, they will need a different mindset that embraces creativity, risks, failure and curiosity.

Risk is defined as the effect of uncertainty on objectives . Handling risks requires to understand their likelihood and their impact on the business. This is the foundation of a significant prioritisation exercise. However other factors such as the detectability and the time dynamic of a company’s reaction also influence the outcomes.

Digital transformation is now a reality for many industries and business activities. More changes are expected in the future with the wide adoption of cloud solutions, artificial intelligence and the internet of things which together connect and embed equipment, products, value chains and other economic activities within digital infrastructures..