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The Procurement Value Proposition by Robert Handfield, Gerard Chick

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05

Taking a practical approach to improvement

113

Introducing the ACE model

In the previous chapter we looked at the five game-changing trends that have necessitated organizations to re-evaluate how they operate and how they utilize the service functions within them to best meet new vision and capabilities needed to survive and thrive in the modern business world. Procurement must approach these issues in the knowledge that incremental changes will not do. In doing so, it must embrace a vision that goes far beyond the thinking of today, leveraging creativity and know-how to change not just the function from within, but the overall business value it delivers.

In developing and deploying procurement’s true value proposition to the business, everything ...

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