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According to Richard Sterling, "Procurement has not had a positive image with C-suites for many years. Seen as being divorced from corporate strategy procurement is accused of failing to create value." He quotes a June 2017 study by Ayming in which a whopping 83% of respondents stated that they do not believe their procurement function is strategically-focused.
In his article, Sterling also lists six ways procurement can show value with stakeholders throughout their organization, including:
- Strategic Conversations
- Talent Management
- Supplier Relationship Management (SRM)
- Bridge Building & Communications
Click here to read the full article on Procurement's Make-over|
About Richard Sterling:
Richard Sterling is AltoPartners’ global practice leader for Contract and Commercial Management. He can be contacted via: firstname.lastname@example.org or on +61 2 8007 5812, (Sydney, Australia).