SupplyChain Magazine February 2021 | Page 63

63
“ SUPPLY CHAIN ’ S KEY TAKEAWAY FROM 2020 SHOULD BE THAT PROCUREMENT IS THE KEY INTERFACE BETWEEN THE COMPANY AND THE INCREASINGLY UNPREDICTABLE UPSTREAM ECOSYSTEM . IN VOLATILE CONDITIONS ACCESS TO RELIABLE DATA BECOMES INVALUABLE . PROCUREMENT TEAMS THAT HAVE STRONG CAPABILITIES IN ACQUIRING AND PROCESSING DATA IN REAL-TIME FASHION WILL CREATE COMPETITIVE ADVANTAGES FOR THEIR COMPANIES . IT ’ S CLEAR PROCUREMENT ANALYTICS IS SO MUCH MORE THAN MONTHLY SPEND REPORTS . INCREASINGLY WE ’ RE SEEING PROCUREMENT LEADERS LEVERAGE DATA AND ANALYTICS TO MEET RISK , DIVERSITY AND SUSTAINABILITY GOALS .”
— Sammeli Sammalkorpi , Sievo ’ s CEO and co-founder supplychaindigital . com