Procurement Strategy Development & Implementation
Procurement has been perceived as a support function for many years, processing requests and performing administrative tasks to ensure transactions recording and acquire goods and services for end users departments.
In the last decade, the role of procurement has taken a different dimension. Procurement is now perceived as a value add function that contributes effectively to organization’s bottom line.
“ Procurement is now perceived as a value add function that contributes effectively to organizations’ bottom line ”
Besides Marketing and Sales Departments, Procurement is not only helping organization’s revenue getting bigger through cost savings but is also generating revenue and bringing cash to the organization.
“leading procurement functions are now considered as profit centers participating in the organization’s value stream and have an impactful contribution in the business strategic plan “
By shifting its focus from cost management only, procurement is enlarging its area of responsibility by becoming an innovation enabler, having a more influential role in driving competitive advantage and being more agile in assuring business continuity and responding effectively to the business customers needs. With the big change of the procurement role within organizations, it is time for procurement leaders to develop a comprehensive procurement strategy to follow the right path towards effectiveness and excellence.
At Strategyah, we can help you :
- Demonstrate the value of procurement within the organization by delivering tangible and effective results
- Develop a world-class procurement strategy contributing effectively to the business strategy
- Provide insights on the internal enhancements required to elevate the positioning and value add of procurement within your organization
- Become an agile and influential function contributing to the organization growth agenda, enabling innovation and driving competitive advantage