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The Procurement Value Proposition by Robert Handfield, Gerard Chick

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08

The dawn of procurement’s new value proposition

173

Innovation, collaboration and focus

Uncertainty is perhaps the word to describe the feeling in today’s global marketplace. Increased exposure to shocks and disruption is an outcome of economies, financial markets and supply chains growing into global interconnected webs. Complexity exacerbates the problem; today even minor mishaps and miscalculations can have major consequences as their impacts have something approaching epidemic proportions throughout complex supply networks.

In this chapter we begin to investigate what the future might hold for procurement and supply chain management: by absorbing what we have introduced through the book so far as well as contemplating how those who are ...

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