We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • BLOGS & MORE
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • SCQ Forum
      • Reflections
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • BLOGS & MORE
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • SCQ Forum
      • Reflections
    • Mobile Apps
Home » New book advocates turning procurement into "supply entrepreneurship"
Forward Thinking

New book advocates turning procurement into "supply entrepreneurship"

January 23, 2014
Supply Chain Quarterly Staff
No Comments

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.

  • Related Articles

    New e-book identifies five stages of supply chain design maturity

    New book shows how to build a supply chain roadmap

    New book examines supply chains from start to finish

Recent Articles by Supply Chain Quarterly Staff

Buyers could target warehousing and fulfillment operations in 2021, investment bank says

IBM survey says digitalization trends will sweep trucking industry by 2030

Report tracks rise in cargo theft from storage facilities

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • The 3PL industry: time to reset

  • Resiliency starts with supplier mapping

  • Freight market growth expected to slow in 2021

  • Retailers designing stores to support inventory and logistics work, not just shopping

  • Seizing the helm

Featured Video

6cabd6ef 64df 4460 bb11 e90c2bdea0a5

Identifying Intralogistics Solutions to Fit Your Operation: LinkedIn Live Ep. 4

Viewer Contributed
As technology evolves, the advantages of using semi- and fully automated solutions to increase productivity and address labor shortages are clear. However, before an organization jumps fully into automation, optimization is a key step that must happen first. Intralogistics solutions, such as Raymond’s iWAREHOUSE and...

FEATURED WHITE PAPERS

  • Warehouse Management System Project Toolkit

  • Solving Talent Management Challenges Now and In the Future

  • Shaping Up Last Mile Delivery to Surpass Customer Expectations

  • Finding the Right Transportation Management Partner

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing