It’s about time organizations started viewing procurement as a competitive advantage instead of a backroom function.
As technology progresses and more companies embark on a digital transformation journey, there is a massive opportunity to shift the mindset surrounding procurement.
But in order to move to procurement being a competitive advantage for the entire business, leaders have to start asking the right questions and having tough conversations.
Every business will have their own dynamics, but we’ve outline ten questions that are critical to ask in order to get the ball rolling and ensure that procurement becomes a source of value.
These questions will act as a framework to spark internal discussion, change the perception of your procurement function, and help guide your strategy to become a source of procurement competitive advantage.