Next-Gen Procurement Rebel Mathew Schulz weighs in on the three big questions for 2024

Jon… here’s a quick write-up for those questions. – Mathew

Question #1 – What is procurement’s biggest strength?

Procurement’s position. No other function has the view and insights within a company. When done well, the value delivered is unmatched. From saving costs to driving revenue, cultural influence, internal and external presence, the list goes on.

Question #2 – What is procurement’s biggest weakness?

Itself. Often, the function can’t get out of its own way. Stuck in the past and unable to see the future. Advocating for themselves and, collectively, raising the awareness and value of the function.

Question #3 – What are (or should be) procurement’s top 3 objectives for 2024? Simple to say, though hard to execute… these are the three things procurement must focus on for the future:

• Business Acumen
• Technology Literacy
• Relationship Building

Within those three areas lie a wealth of value and impact that will help companies transform as how business gets done evolves.

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