Procurement organizations are playing a more strategic role than ever before, helping companies achieve and sustain a competitive advantage by keeping costs low, providing goods and services efficiently and effectively, and drawing on the innovation and quality insights of suppliers. Their key challenges include balancing risks and savings, finding and training the right people, and operating in a global environment. To succeed, companies must address challenges such as these:

  • Determining the critical skills that procurement organizations need today
  • Lowering procurement costs without hurting supplier relationships
  • Implementing right skills and best practices leading to success in global sourcing
  • Managing commodity risk in today