Industry Trends - How Will They Impact Procurement?
Four key trends are shaping tomorrow's procurement practices: Globalization, Industry Consolidation, Technology, and Supply Chain Synchronization.
Procurement Strategy
Three main strategic challenges are Building Strategic Links, Developing Strategic Yet Flexible Supplier Relationships, and Moving from Cost Containment to Revenue Enhancement.
The Future of "Procurement Technology"
Three primary technology trends, eCommerce and the Internet, Virtual Value Networks, and Open Markets, will play greater role and result in revolutionary impact on procurement.
The Procurement Organization of The Future
Three main changes, Matching Procurement Organizational Structure to Strategy, Changing & Expanding Roles, and Responsibilities & Skills, are transforming procurement's role from buying to strategic sourcing and the focus from and internal function to an externally "networked" one.
Supplier Integration
Three critical elements of supply chain, New Product Development, Collaborative & Planning, and Joint Financial Analysis, are dramatically changing the way of business competition in present and future.
Excerpt from The Purchasing Handbook - A Guide for the Purchasing and Supply Professional
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