Procurement as a function is on a journey toward greater
importance and influence. As it evolves beyond its transactional
and back office roots, the department is becoming a strategic
player focused on total value delivered including supporting
revenue goals, reducing total cost of ownership, and developing
partnerships with key suppliers.
However, when discussing procurement's alignment with the
overall business it becomes imperative to develop and establish a
rapport with the stakeholders and executive team. Aligning the
procurement department with the business strategies is of great
interest to CPO's and CEO's alike. In this series find out
how executive teams are better aligning their procurement functions
with their business strategies to help ensure they are acting as
business partners versus service providers.
