Procurement’s Business Imperative: What Got Us Here, Won’t Get Us There
The procurement profession is in the midst of a profound transformation. Procurement has moved from the back office to the front office and become a strategic weapon providing significant business value and earning a seat at the top table. Today’s procurement professionals, therefore, must have broader business acumen, exceptional communication skills and the ability to influence and drive change at a higher, more strategic level within the organization. If procurement is to be run as a business, then procurement professionals must think like a CEO or general manager.
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The procurement profession is in the midst of a profound transformation. Procurement has moved from the back office to the front office and become a strategic weapon providing significant business value and earning a seat at the top table. Today’s procurement professionals, therefore, must have broader business acumen, exceptional communication skills and the ability to influence and drive change at a higher, more strategic level within the organization. If procurement is to be run as a business, then procurement professionals must think like a CEO or general manager.