Disruption Future of Procurement Opinion

085: Next Generation Procurement (Part 1): Will Procurement Exist in 10 Years?

What will the future of procurement look like, and how as procurement professionals can we prepare for disruption that is heading our way?

In the first of a two part series, I explore the likelihood that procurement as a function will even exist in 10 years time – in response to a number of projections that I have recently heard about the future of our profession.

I then share my perspective on how I believe procurement will evolve, based on both my personal experiences and learnings to date from interviewing thought leaders on the Art of Procurement.

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“I do believe that a lot of the activities that we do today are going to go away – the tactical, transactional and perhaps even some of what we talk about today as being strategic.”

In this episode, you will learn:

  • The confluence of factors that have led me to step back and consider if there is a future for procurement as a function.
  • My projection on what the procurement function will look like in 10 years, and the reasonings behind my thinking

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About the author

Philip Ideson

Philip Ideson is passionate about the role that procurement professionals and leaders can plan in creating competitive advantage for their organizations in ways that go beyond the traditional value proposition.

Philip founded Art of Procurement as a way for the procurement community to learn from each other, increasing the impact they have on their organizations. In 2017, he co-founded Palambridge, a virtual platform of procurement experts, technology, and intelligence. Palambridge provides a broad range of flexible procurement solutions, available on-demand.

Prior to Art of Procurement and Palambridge, Philip enjoyed a career that spanned the procurement value chain, working across three continents for organizations such as Accenture, Procurian, Ally Financial, Pfizer and Ford Motor Company.