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From tactical to strategic: The evolution of procurement in manufacturing

For decades, procurement within the manufacturing sector has been viewed as a back-office function, primarily measured by cost savings and efficiency. Too often, it has been viewed as a cost centre rather than a contributor to value creation. In today’s volatile environment of supply chain disruption, rising compliance requirements and shifting customer expectations, that mindset is outdated.
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What spending reveals about downstream consumer demand for manufactured goods

For manufacturers supplying consumer-facing markets, understanding demand conditions has become increasingly important in an environment shaped by cautious spending, rising costs and intense competition.