Summary of Procurement 20/20
Supply Entrepreneurship in a Changing World
Chief procurement officers (CPOs) face confounding challenges and must bring order to chaos.
Today’s chief procurement officers (CPOs) must deal with just-in-time supply chains, ever-evolving tariffs, new sourcing regulations, currency fluctuations, outsourcing, sudden commodities scarcities, synthetic insurance hedges, and much more. McKinsey procurement professionals Peter Spiller, Nicolas Reinecke, Drew Ungerman and Henrique Teixeira discuss the major challenges that CPOs and their organizations face, and detail the best practices to deal with them. In addition to their own experience, the authors base their recommendations on 2,000 interview hours with CPOs and top procurement executives, upward of 1,500 global procurement studies and the close examination of more than 700 procurement organizations. Despite the container loads of insider jargon, getAbstract recommends this exceptional best-practices procurement guide to CEOs, COOs and, of course, CPOs and to all the members of their departments.
In this summary, you will learn
- What five megatrends affect and disrupt procurement today
- How chief procurement officers (CPOs) can address these challenges
- What transformative steps procurement units must take to become world-class operations
Comment on this summary
Contained in Knowledge Pack:
Knowledge PackSupply Chain ManagementHow to create a partnership with your suppliers, save money and get what you want at every link in the chain.
Customers who read this summary also read
Till Alexander Leopold et al.
World Economic Forum, 2016
David B. Grant et al.
Kogan Page, 2015
Princeton UP, 2010