Correcting the Procurement Backslide - Corporate United
Beginning in the early 1990’s procurement evolved from a transactional function to an important component of the overall business process. The introduction of technology tools, strategic sourcing processes, and the formation of cross-functional responsibilities created an opportunity for procurement to participate, and in some cases even control, important categories of spend for corporations.
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Beginning in the early 1990’s procurement evolved from a transactional function to an important component of the overall business process. The introduction of technology tools, strategic sourcing processes, and the formation of cross-functional responsibilities created an opportunity for procurement to participate, and in some cases even control, important categories of spend for corporations.