Procurement teams are under more stress than ever before. Budgets and employees are stretched to their limits, forcing everyone to move quickly and be laser-focused on their daily to-do lists. Unfortunately, this tunnel vision often causes procurement and sourcing teams to miss the warning signs of major problems with suppliers, customers and stakeholders.
The result: unexpected chaos and stress within procurement, broader business impacts and stakeholder dissatisfaction. Everyone is moving so quickly that they tend to forget one of the core tenants of business: communication.