PROCUREMENT TRANSFORMATION
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This April , Supply Chain Digital attended ProcureCon Canada to get the inside scoop on the latest advancements and challenges facing the world of procurement .
The event ’ s sheer size and scope was testament to how the procurement function has grown and developed in just a few short years .
“ If we reflect back two decades , we were seeing more of the back office support function : processing and providing some support in terms of order issuance and invoice resolution management ,” says Crithica Parthasarathy , IBM Procurement Services Practice Lead . “ Today , we ’ re on the frontline with the C-suite team and it ’ s increasingly influencing the bottom line .”
Ankur Thakur , Director of Strategic Procurement at JamesWay Incubator Company Inc , echoes this sentiment . “ Within my organisation , we now have a seat at the table – supply chain isn ’ t just under the operations umbrella ,” he explains . “ I believe supply chain and procurement is like the foundation of a building : if the foundation is wobbly , the building can collapse . The supply chain and procurement department manages a high proportion of the raw material costs and negotiates with key stakeholders .”
JUNE 2019