Sourcing relationships that are merely tolerated are not fertile ground for innovation and value creation. The ability to create an environment that fosters innovation and process improvement by clearly articulating the roles and responsibilities of all the players is today’s strategic imperative and what many CEOs demand of their Chief Procurement Officer. This focus on added value represents an extraordinary leap in expectations for both the procurement function and the enterprise at large, and it underscores the need for diverse and elevated skills in the people who perform procurement functions.

Contributors: ISG
Categories: Whitepaper
SRC Type: Procurement Operations, Sourcing, Strategy