A Deloitte survey of chief procurement officers found that the majority of CPOs are not confident in their teams' ability to deliver on their procurement strategy. Many are relying on technology to fill the gap.
Techniques and strategies for choosing suppliers and building strategic partnerships are due for an overhaul. "Value procurement" may be the next step in the discipline's evolution, say the authors of the new book The Procurement Value Proposition: The Rise of Supply Management.
When Royal Philips implemented a new product design and procurement process, it also completely reconfigured its procurement organization. The author, who worked together with Philips executives Fredrick Spalcke and Ad Boon on the project, explains the initiative's origins, challenges, and successes.
In 2011, Bob Evans Farms and Gordon Food Service began to jointly identify and actualize opportunities for profit growth through the use of cross-functional teams. The financial benefits to date have exceeded $31 million dollars. Here's how they achieved those stellar results.