266. Transforming procurement to transform your business
Inside the Strategy Room
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Transforming Procurement: Building Capability for Success
This chapter explores the critical role of capability building in procurement transformation, stressing the need for early investments to enhance performance and cross-functional collaboration. It highlights strategies for hiring talent with strong industry knowledge and fostering a culture shift within procurement teams to elevate their role in driving organizational value. The discussion also touches on the importance of establishing a solid foundation of skills and using advanced technology to facilitate effective procurement processes.
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