Volume 2 

Decoding the Shift Towards Lean Procurement 

What Makes Volume 2 of Voice of Procurement Stand Out?  

• 7 chapter with unique insights for procurement journey 
• What you can do to transform your procurement supply chain
• Best practices for procurement teams in 2024 and what’s next in 2025  
• Recommendations & case studies for you to get started on lean procurement 

To access full whitepaper and the latest research insights about procurement, become a client.

The UAE has got a vision to digitize its business process under UAE Digital Government Strategy 2025. 
 Every day, CPOs and their teams from more than 200+ manufacturing firms in UAE and across the world use Moglix Business’s procure-to-pay operating system to continuously enhance performance. Contact a Moglix Business procurement expert to learn how you may begin the process of continual cost improvement. 

What is included in the Voice of Procurement’s second volume? 

The Voice of Procurement’s volume 2 offers seven insights into how procurement CXOs responded to seven important trends in 2024 as opposed to 2023, and what course of action they are likely to adopt in 2025.  

Each of these chapters includes:  

• A synopsis of the chapter that highlights the trend
• Key lessons for CXOs around supply chain and procurement  
• User suggestions for teams and procurement leaders 
• Practical frameworks for procurement CXOs to begin implementing continuous improvement  

From Continuous Improvement to Continuous Cost Optimization: The Rise of Lean Procurement 

The science of doing more with less is catching up with the community of procurement professionals who serve as supply chain managers like never before, addressing everything from work in process, inventory levels, and time to expenses.

Engineers are responsible for creating products or building infrastructure projects. Enabling its manufacture or construction at the lowest possible cost is the responsibility of the procurement team.  

However, it takes more than merely negotiating with suppliers to find the best price to achieve continual cost optimization throughout months, financial quarters, and financial years. It requires procurement that is lean.  

Observations on the Whitepaper’s Research

In 2024, we conducted a second survey with 130 participants from a wide range of manufacturing industry verticals. The survey asked the same seven questions as the previous year to gauge the procurement community’s changing viewpoints.  

Seven conclusions, analyses, and insights on topics ranging from a comprehensive supply chain perspective, ESG compliance, digital procurement & supply chain transformation, and procurement outsourcing were obtained at the conclusion of the data collection and analysis activity. 

The Whitepaper’s audience  

The Indian manufacturing supply chain ecosystem’s procurement and supply chain leaders are the target audience for this whitepaper. The following industry verticals and sub-sectors’ combined responses and priorities are reflected in the trends we have observed for procurement and digital supply chain transformation:  

1. Automobile 
2. Infrastructure EPC 
3. Electrical Switchgear 
4. Tyres
5. Metals & Mining (Non-Ferrous and Iron & Steel)
6. Wires & Cables
7. Textiles
8. Pharma
9. Chemical
10. Renewable Energy (Solar PV, Hybrid)
11. Consumer Electronics
12. Cement
13. FMCG
14. Footwear
15. Real Estate