PROCUREMENT EXECUTIVE GARAGE INSIGHT
This evolutionary process of continuous improvement delivers immense benefits to the value chain, providing competitive advantages in an increasingly challenging market where margins are squeezed and operational efficiency is paramount. This is where procurement’ s role as a protagonist makes all the difference.
Q. IN YOUR VIEW, HOW CAN PROCUREMENT RESHAPE THE VALUE CHAIN TO CREATE BENEFITS BEYOND COST SAVINGS, SUCH AS INNOVATION, RESILIENCE OR SUSTAINABILITY?
» As I mentioned previously, procurement is no longer a supporting actor. Our function is, and must be, one of the main protagonists within companies – a significant driver of change and a generator of innovation. This involves engaging suppliers and leveraging technological trends, many of which, like top-tier e-procurement systems, have been a reality for years.
Bringing innovation, implementing excellence in management and building resilience and sustainability are fundamental pillars for the business. It is procurement’ s role to build long-term strategic alliances with suppliers, utilising their R & D capabilities to foster constant innovation. Building resilience to face market volatility and inflationary pressure in the supply chain through intelligent, proactive
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