SupplyChain Magazine March 2019 | Page 148

EDGEWELL PERSONAL CARE

With the motto of ‘ challenge to win ’, Edgewell Personal Care has been on a journey to transform its procurement function to enable a consumer-centric , sustainable future . VP Global Procurement Nirav Mehta tells us more …

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T he procurement function has evolved from purely transactional – such as managing purchase orders , payments and invoices – to a strategic role across organizations . Shifting its value proposition to become an integral part of a business , procurement is expected to deliver a significant impact on bottom line margins using innovative sourcing strategies and cost saving levers . The value proposition is evolving even further , where procurement has sought to impact the top line of an organization by delivering supplier-enabled innovations , forming an integral part of corporate social responsibility ( CSR ) and sustainability objectives , mitigating all kinds of external risk to supply continuity , finances or even brand equity .

A clear example of that is how businesses , presently faced with political uncertainty , government regulations and ongoing trade
MARCH 2019