Future-Ready Procurement

What's Inside

Procurement has a problem with the future. Despite a rapidly changing business environment, many procurement teams are locked in organizational silos that were established a generation ago. Overwhelmed by traditional activities, they struggle to demonstrate procurement's potential to add value. Meanwhile, the constant need to deliver short-term cost savings hobbles efforts to chart a new, more strategic path. Leading-edge companies recognize these problems and ask tough questions to orient their procurement teams toward the future.

Based on engagements with leading companies, our research team has identified foundational capabilities and future-oriented practices that can guide your company's efforts to transform procurement. 

Download this white paper to explore:

• Detailed discussion of three foundational capabilities all procurement teams need to develop now to succeed in the future.
• A framework for identifying additional business-aligned capabilities needed to drive specific procurement strategies.
• Five major opportunity areas where procurement teamscan begin incorporating future-oriented practices.
• Numerous real-world examples from leading companies.
• Direction on how companies can measure theROI of capability investments.
• Additional collateral material, including capabilitydefinitions and business sourcing models.

Procurement is pivotal in driving outcomes for customers, suppliers, and shareholders. The time to build procurement teams that can deliver that value is now.