“There’s nothing worse than a procurement department or a procurement organization going to the board and saying, ‘For the next two or three years, I will only take care of myself, my processes, my tools, and approach.’”
Procurement wants to have an impact on the organization we support. Usually that impact is measured in terms of savings, but with the advancement of digital tools and sophisticated processes, we have the opportunity to take that ‘impact’ to the next level, making it scalable and sustainable.
In this week’s episode, we bring you a session from our recent AOP Digital Outcomes 2022 virtual event. Helen Mackenzie was joined by Johann Raunig, a Partner at McKinsey, who has undertaken a lot of work to identify key disrupting elements.
Key takeaways from the interview include:
- A number of disrupting imperatives that are impacting procurement, the procurement delivery model, and our ability to accelerate our impact
- How procurement can achieve a response speed that matches the kinds of uncertainty we must navigate
- Why and where we should bring select suppliers into the procurement transformation process as well