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The Procurement Value Proposition by Robert Handfield, Gerard Chick

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From global trends to corporate strategy

Clearly there has been a ‘procurement revolution’ since the mid-1980s and the function has moved from being transactional in nature to the strategic organizational tool it is today. There are operational trends impacting procurement such as stronger cross-functional working, which naturally increase strategic visibility; and whilst procurement acts as the main interface with supply markets we must also develop an understanding of what has come into the mix via challenges from without, what we might call global trends and how they impact procurement. We will look at these global trends from the standpoints of either adopting a ‘let’s just get through it’ mindset, or anticipating them and ‘taking ...

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