The Reinvention of Procurement

by Jonathan Hughes and Danny Ertel

Procurement is at an inflection point. For many leading companies, procurement has been transformed into a linchpin of enterprise strategy. Yet many remain trapped by outdated paradigms and struggle for influence within their companies. Here’s how organizations can reinvent the procurement function and put the past behind them.

At many leading companies, procurement has been transformed in profound ways to become a linchpin of enterprise strategy. Meanwhile, many procurement groups continue to struggle for influence within th ir companies—in large part because they remain trapped by decades-old paradigms that are far too prevalent.

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