CSCMP's Supply Chain Quarterly
December 16, 2017
Supply Chain Executive Insight E-Newsletter
Each week the Supply Chain Executive Insight e-newsletter will include brief articles about developments that are often overlooked by other supply chain publications. We will present you with summaries of the latest research as well as new ideas on how to make your supply chain operations more effective. And we'll offer commentary that sheds light on what's happening in supply chains today.
Sign up now!

Most Read Articles

News from our sister publication
DC Velocity
Forward Thinking

New book advocates turning procurement into "supply entrepreneurship"

Comment
Procurement 20/20: Supply Entrepreneurship in a Changing World offers recommendations for adapting procurement practices to trends that are transforming business practices.

To best prepare for changes in procurement spending in the coming decade, supply chain executives should become "supply entrepreneurs," say McKinsey consultants Peter Spiller, Nicolas Reinecke, Drew Ungerman, and Henrique Teixeira in their new book, Procurement 20/20: Supply Entrepreneurship in a Changing World.

The authors describe how megatrends transforming business over the next decade will change purchasing and procurement practices. They then outline how procurement organizations can prepare for and respond to those trends. Among the topics they discuss are ways to orchestrate relationships along the supply chain, extract value through new technologies, and use analytics to convert supply-base data into business opportunities.

The book draws on McKinsey research, including more than 1,500 global procurement studies and an in-depth examination of more than 700 organizations. The authors say the research validates certain best practices in procurement that consistently lower costs, identify growth opportunities, and help insulate companies from such hazards as weather events, price shifts, and the complexities of environmental and regulatory issues.

Published by Wiley, the hardcover edition of the book sells for $40. It is also available as an e-book for $19.99.

Join the Discussion

After you comment, click Post. If you're not already logged in, you will be asked to log in or register.


Want more articles like this? Sign up for a free subscription to Supply Chain Executive Insight, a monthly e-newsletter that provides insights and commentary on supply chain trends and developments. Click here to subscribe.

We Want to Hear From You! We invite you to share your thoughts and opinions about this article by sending an e-mail to ?Subject=Letter to the Editor: Quarter : New book advocates turning procurement into "supply entrepreneurship""> . We will publish selected readers' comments in future issues of CSCMP's Supply Chain Quarterly. Correspondence may be edited for clarity or for length.

Want more articles like this? Subscribe to CSCMP's Supply Chain Quarterly.