Procurement has to move beyond cost savings and compliance, to become a strategic contributor by enabling business outcomes. A definite vision is coalescing for what the procurement of tomorrow will look like. However, how do we get from where we are today to what will be required tomorrow? How do we move our procurement organization along the capability continuum in order to achieve the forward-looking vision of the function? In other words, how are we to realize the procurement of the future?
In this paper we address these questions by:
This paper is intended for enterprise operations executives who are looking to understand the changing procurement ecosystem, its potential implications, and the challenges they must overcome to truly transform the function.