The procurement function within a corporation continues to evolve from a straight sourcing and purchasing role of direct goods – to being responsible for all strategic cost savings and value creation for a company.
As a result, it is imperative that practitioners/professionals fully understand how to work with internal stakeholders who’ve typically been in charge of their own spending. Corporations also have to figure out how to find the right balance between organizational and team structure to effectively ensure that these changes are handled over time – especially when figuring out how these groups have saved money over the year. Now, every company is different when it comes to full procurement transformation - a collection of different sizes, functions and flexibility plays a huge part on how these companies tackle business challenges.
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