As a procurement leader, you’re well aware of how procurement’s role is evolving within the organization. You’ve probably been involved in discussions with your team on how to adapt to changing expectations while overcoming these common procurement challenges.
With a greater focus on procurement as a strategic business function, teams are looking at ways to impact three strategic pillars that most organizations have a central focus on:
- Revenue Generation
- Operational Efficiency
- Talent Retention
In a recent article for Spend Matters, Corporate United’s Dustin Cochran explains that procurement is already aligned with these pillars and have the opportunity to drive value through that alignment. “However, what I think that procurement professionals should focus on is better promoting how they align with these areas,” he shares. Read the full article, 3 Ways For Procurement to Prove Its Value (Other Than Cost Savings!) to learn more about how procurement inherently aligns with the three strategic pillars mentioned above and find tips for how teams can better promote this alignment internally.