This white paper discusses the lessons learned from the previous recession and how businesses can convert economic crises into opportunities. The basics of high-performance sourcing include having the right organizational framework, which includes enterprise-wide consistent procurement strategies, processes, and practices, as well as a common technology platform for collaboration and visibility. GEP has been involved in facilitating the procurement transformation journey at many global enterprises and has seen these best practices implemented by most of their clients, resulting in considerable business value.
