Procurement’s job isn’t just to save money. It’s to provide leadership and direction for revenue-generating partnerships with suppliers.
Category: Procurement
If you are treating procurement as a back office function, then you are leaving a lot of revenue on the table.
When no one owns external value and risk, you do. And that is exactly where your board, your investors, and your customers will look when the next disruption hits.
If you still think procurement is about cost, you’re already behind. Procurement needs to become a strategic lever.
Supply chains are under more stress now than ever. Procurement can’t just be about procuring. It’s now a central function of risk management.
Trust is the foundation of resilient supplier partnerships and make the difference between a supply chain that falters and one that thrives.
Procurement must take a proactive stance to safeguard supply chains and that means we must elevate procurement.
The move toward sustainable procurement can help drive long-term profitability, attract top talent, and enhance brand reputation.
Let me let you in on a big secret: Procurement professionals are not there to deliver cost savings. They are enablers to profitable growth through sound strategic sourcing practices. Strategic sourcing. What the heck does that even mean? Strategic sourcing is a way of looking at procurement within your supply chain strategy as something far …
Procurement Drives Business Value Through Strategic SourcingRead More »
According to Gartner, 95% of supply chains must quickly react to changing conditions, but only 7% are able to execute decisions in real time. Finding procurement talent is tough. How is your organization investing in procurement? How are you training your teams?