The sudden transition to working from home for procurement departments can be challenging. During uncertainty, it’s important for teams to address vendor risk, maintain supplier relationships, identify key procurement priorities, and embrace change management. The good news? There are ways that procurement teams can mitigate the effects of a downturn and successfully shift to remote work. Firstly, let’s look at a definition of remote procurement.
What is remote procurement and why does it matter?
Procurement is the process of acquiring the goods and services your company needs for its business model. Remote procurement is therefore the process of acquiring goods and services for an organization in a remote manner with distributed team members.
In the wake of COVID-19, supply chain and procurement teams continue to encounter new challenges. According to a recent survey from the Institute for Supply Management®:
- Nearly 75% of companies surveyed report “supply chain disruptions in some capacity due to coronavirus-related transportation restrictions,” and
- “More than 80% believe that their organization will experience some impact because of COVID-19 disruptions.”
In light of these challenges, it’s more important than ever to build a remote procurement plan. A plan will keep you on track and allow the business to run seamlessly
4 strategies for managing your process remotely
In our remote procurement guide, we explain:
- How to build a proper remote procurement plan
- 4 strategies to managing a procurement department remotely
- The best ways to ensure your teams stay safe and informed as operational functions shift across the company
Read our guide and learn how to:
- Firstly, transition traditional steps to remote procurement plan steps
- Secondly, use the right tools to function optimally
- Thirdly, improve communication with vendors and internal team members
- Finally, adjust mindsets to ease the stress of working in new environments