Roman Belotserkovskiy ( McKinsey & Company ) and Nicolas Walden ( the Hackett Group ) discuss the performance gap in procurement transformation
DIGITAL FEATURE PROCUREMENT HEADER
Roman Belotserkovskiy ( McKinsey & Company ) and Nicolas Walden ( the Hackett Group ) discuss the performance gap in procurement transformation
WRITTEN BY : GEORGIA WILSON
Roman Belotserkovskiy Partner , McKinsey & Company
Nicolas Walden Senior Director , The Hackett Group
Living in a world with increasing disruptions , in the last three to four years alone organisations have faced COVID-19 , tariffs , inflation , and trade wars . “ There have been a variety of things that have happened that highlighted the weaknesses that are in global supply chains and procurement organisations ,” says Roman Belotserkovskiy , Partner , McKinsey & Company .
“ While today the nature of the problems may be different compared to a couple of years ago , the reality that we are seeing is that volatility in general is increasing , and that has challenged procurement to be able to sustain the globalised , just-in-time ( JIT ) model . Instead these disruptions are calling for a more sophisticated function , that is more tuned into your supply market , and better partnered with internal stakeholders . In a world that is getting more challenging , these features will be needed in procurement functions ,” adds Belotserkovskiy .
“ In the last decade I have seen more excitement around proven procurement capabilities and effectiveness than I ’ ve seen in a long time . I think people are finally realising that procurement can help to weather the challenges and create value for the company . It ’ s raising the profile of what procurement can do .” procurementmag . com 65