It may not come as too much of a surprise that the global lockdown has put incredible strain on supply chains and great scrutiny on sourcing and procurement methods. For a start, we saw a huge shift to organizations delivering tasks and sourcing and purchasing remotely. For those lacking the structures to support this, their inability to purchase goods and services temporarily affected many aspects of their operations as they joined the ranks of businesses seeking relevant supplies urgently – and often manually.
The stories of weeks of phone calls to try and source a particular product are all too familiar for many. For those organizations with established supply chains, there was an added concern of ensuring continued supply. Questions such as how would this be uninterrupted also came to the forefront, then these companies had to make sure any new pandemic related policies were associated to the supplier records and transparently available to anyone who needed them.
Proactis Holdings Plc (LON:PHD) develops and sells business software, and provides installation and related support services in Europe and the United States. The company offers Spend Control and eProcurement solutions that help organizations to improve operational and financial performance by enhancing the way they buy various goods and services.
