Procurement 20/20: Supply Entrepreneurship In A Changing World

How to achieve procurement excellence today and prepare for tomorrow. Procurement entrepreneurship pays. High-performing procurement teams can deliver huge value to their companies, regardless of industry. The best companies are integrating talent-management strategies into their procurement organizations with great success. In addition to an estimated $84 billion in yearly cost savings, companies that elevate procurement leaders gain superior operational returns and lower costs of goods sold. Written by a team of purchasing and supply management experts, this book shares insights from over ten years of procurement research with leading academic institutions and practical experience with marquee clients. It builds on articles published by McKinsey & Company on the topic. It explains and codifies best practices pioneered by leading companies and discusses how procurement must evolve to address new global, social, and economic challenges. The road ahead will require redefining your procurement vision and making key changes. Procurement 20/20 shows you how.