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There are way too many technocratic Chief Procurement Officers out there. Procurement has to become more visionary in our approach. If this were a manufacturing process generating over 30% waste, it would be something that lean experts would be crawling all over. Ask yourself: why it is that startups are so lean and agile…?
Here are a few well-known procurement leaders as of 2021: Tim Cook (Apple Inc.): Tim Cook has been instrumental in overseeing the company’s global supplychain and procurement operations. His expertise in managing complex supply networks has played a crucial role in Apple’s success.
In this disruptive age, businesses must move faster and become more agile, so Procurement must respond, to this or we will become obsolete. Along with the rise of automation and AI, which reduce much of the traditional Procurement workload, these external drivers mean we must find a new role if we want to add real value.
Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supplychain. Contract lifecycle management.
Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supplychain. Contract lifecycle management.
DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supplychain, staying ahead of the game is not just a goal – it’s a necessity. By proactively addressing risks, organizations can safeguard their supplychains and drive efficiencies.
Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Contract management systems: Solutions that store, organize, and manage procurementcontracts in a centralized repository.
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