EY
“ To drive this procurement as a business , to get that board-level visibility , it has to be about value return . If procurement costs you a dollar , the reporting needs to show that you get US $ 5 in value back ”
LARRY PHELAN EY GLOBAL CHIEF PROCUREMENT OFFICER
The group provides 500 brand value submissions annually , which contribute to top-line growth , innovation , and people engagement , to name but a few . But there remain hurdles in realising the true goal , one of which is a challenge as old as the profession itself : procurement has an image problem and is fundamentally misunderstood by many stakeholders outside its often tight-knit community .
“ Those same stakeholders will look in and say , ‘ Well , what does that matter ? Just do the deal for me , save me money ,’ or whatever it might be ,” Phelan says . “ Well , I think , no , that ' s yesterday ' s organisation . What we ' re looking at over the years and into
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