68 % of leaders are focused on cost reduction and efficiency
Operating models are shifting to centralisation for greater control and stability
Procurement’ s role in corporate strategy is on the rise
PROCUREMENT STRATEGY ent Magazine
robust and secure organisations on everyone’ s agendas.
The clear shift towards centralisation reflects a distinct hunkering down on the part of procurement leaders, who see the need for greater control and visibility. Decentralisation may offer some advantages in the form of agility and local responsiveness – still critical attributes in our profession – but in an era where greater efficiency, cost savings and strategic control are king, it’ s easy to see why the odds stack in favour of centralisation.
I’ d expect our average involvement score for the role of procurement in corporate strategy to rise over the next 12-18 months. It’ s great to see procurement no longer operating on the sidelines, but if we’ re serious about riding out the challenges we face then embedding the function right at the heart of C-level strategy will be absolutely essential.
3 KEY TAKEAWAYS
PROCUREMENT STRATEGY: DRIVING TRANSFORMATION
68 % of leaders are focused on cost reduction and efficiency
Operating models are shifting to centralisation for greater control and stability
Procurement’ s role in corporate strategy is on the rise