The Procurement Revolution

“The procurement function is at an inflection point.”

So begins “The reinvention of procurement,” an article by Jonathan Hughes and Danny Ertel, partners at the Boston-based consulting firm Vantage Partners. The authors argue that while many leading companies have transformed their procurement organizations into a linchpin of their enterprise strategy, far too many others remain trapped by procurement models that are out of date in today’s fast-paced economy, where the acquisition of innovation, collaboration, services and solutions is more important than transactions based on the lowest cost per unit.

We think of it as nothing short of a Procurement Revolution.

The question for organizations and supply chain professionals is whether their supply management organization is delivering results, or still focused on processing purchase orders? In other words: Are they ready to join the revolution, or sit on the sidelines? We invite you to read on to learn how your company can be part of the Procurement Revolution.

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