How Amazon Business Can Help Your Company Optimize Procurement

HBR Hero AMAZONBUSINESS As digital transformation continues to revolutionize the way you do business, modernizing your procurement system needs to be a key strategy to support your growth and the value you bring your customers. Upgrading from the legacy procurement technology and processes you may still be using to cloud-based digital purchasing can make buying for your business every bit as easy as your personal online shopping, offering a similarly intuitive user experience (UX). And not only that: moving to cloud-based procurement can give you a robust set of tools to help you streamline operations, manage spend, and meet strategic goals. Risk and Rewards Organizations often spend too much time, money, and resources building a network of suppliers to keep their business running. But global threats to the supply chain—pandemics, climate change, war—never stop emerging. And depending entirely on these systems to work without hiccups can put your operations at risk. Organizations depend on their procurement leaders to guide innovation and make buying more agile in order to stay competitive and always prepared for disruption. While cost savings remain a significant priority, respondents to Deloitte’s 2021 Global Chief Procurement Officer Survey identified operational efficiency (78%), digital transformation (76%), and […]

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