From managing uncertainty in demand and supply, to having clear visibility of accounts in real time, to determining whether a supplier’s very existence is at risk, freeing up liquidity is both an opportunity and a challenge right now. “In response to the Covid first and second waves, survival can depend on ability to act quickly,” Spend Matters notes in a new report.
“Procurement is a critical area that many business leaders are prioritizing to free up cash and better manage their liquidity position,” it adds, “because understanding their supply networks provides deeper visibility into spend.”
