The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain.
Study after study shows that this is a common view held amongst Executives and peer functions alike.
This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers.
Well here’s some news. Procurement is strategic!
Link Original: https://supplychaingamechanger.com/hey-procurement-value-chain-its-time-to-sell/