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Leaders are tapping the next generation of cost savings to fund innovation and growth.
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Hear more about The New Procurement™ from industry practitioners, thought leaders and others.
The market needs a fundamentally different approach to managing indirect procurement.
Executives are under continued pressure to manage increasingly complex supply chains, the ever accelerating pace of change and volatile commodity markets. To meet these challenges, companies need to exploit every opportunity to eliminate wasteful activities and costs. One often overlooked opportunity is the spend associated with the goods and services that support the business such as marketing, IT, corporate services or logistics. A third party can provide the infrastructure to effectively manage these costs and the agility and insight needed to rapidly respond to market shifts.
Dr. Hau Lee of the Stanford Graduate School of Business expounds on these missed opportunities.