Matt Curtis had never worked in procurement, but was enjoying a successful career across U.S. utility company American Electric Power (AEP). The procurement department at AEP was considered a largely transactional organization, and suffered from a challenging reputation among Matt and his peers.
AEP leadership realized that they needed to think differently about how they levered procurement, and set about building a strategic organization to drive out cost and increase the value achieved from their supply base. Matt – a procurement outsider – was asked to help lead the transformation.
Today’s show charts AEP’s transformation journey.