Extreme Makeover: Transforming Procurement to an Outcome-Based Model
In today's highly uncertain, competitive and digital environment, we understand that only businesses that are responsive, adaptable and agile will thrive - but what is procurement's role in enabling this? Is it to stay laser focused on delivering savings, or is it much more? Outcome-based procurement is a new delivery model that is becoming the primary driver of procure-to-pay transformations. Instead of a procurement organization focusing exclusively on cost-cutting, it can focus on the outcome and integrate technology and processes to achieve that outcome.
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In today's highly uncertain, competitive and digital environment, we understand that only businesses that are responsive, adaptable and agile will thrive - but what is procurement's role in enabling this? Is it to stay laser focused on delivering savings, or is it much more? Outcome-based procurement is a new delivery model that is becoming the primary driver of procure-to-pay transformations. Instead of a procurement organization focusing exclusively on cost-cutting, it can focus on the outcome and integrate technology and processes to achieve that outcome.