Procurement leadership – Step out of the box

hudgeon — Sun, 02 Nov 2008 10:47:08 +0000

The current economic climate has brought an increased focus on costs across many companies. Procurement managers around the globe see this as their opportunity to step up and deliver value. But it is much more than that: It is an opportunity to step out of the box.

If we really want to demonstrate procurement leadership, we’ll take this opportunity not just to deliver value through negotiating deals but through reducing waste across the value chain. When the question is asked “How are we going to reduce costs?” and heads swivel towards the procurement manager; will we talk about reducing demand, minimising transaction costs and reducing supplier margins to competitive levels? Or will we just talk about screwing down our suppliers? The choice is ours.

Posted in System & Business Design Tagged: demand management, Procurement, supply chain, Vendor Management, waste reduction

Contract Capital Management » waste reduction

Procurement leadership – Step out of the box