Leading Procurement Strategy: Driving Value Through the Supply Chain

✍ Scribed by Dr Carlos Mena, Remko van Hoek, Martin Christopher

• Publisher: Kogan Page
• Year: 2021
• Tongue: English
• Leaves: 273
• Edition: 3
• Category: Library

✦ Synopsis

Delivering successful procurement programs has helped businesses like IKEA, Tesla and Nike maximize the potential of their resources and gain the competitive advantage. Learn how to develop similar strategies, that meet the needs of the business, customers and suppliers, and lead their implementation using insights from the experts in procurement strategy.

Leading Procurement Strategy provides readers with a complete overview of the skills, knowledge and tools needed to implement a successful procurement strategy. The expert author team of Carlos Mena, Remko van Hoek, and Martin Christopher present practical advice and guidance underpinned by academic theory and supported by an extensive range of real-world case studies including IBM, IKEA, John Deere, NASA, Nike and Tesla. Readers are shown how to develop, deliver and sustain procurement performance with clear and accessible guidance.

The third edition offers the latest insights into the future of procurement and digitalization, updates on green and socially responsible procurement and a revised structure. The key issues affecting the procurement function are covered and tips for developing the best practices in teams are found throughout.

✦ Table of Contents

Cover
Contens
About the authors
Foreword
Part One Procurement strategy
01 Introduction: The strategic role of procurement
Procurement and its impact on the bottom line
Procurement and sustainable competitive advantage
The changing role of procurement
The context of strategic procurement
Procurement sub-processes and the road to maturity
Structure of the book
Summary and conclusions
References
02 Procurement and the organization: Organizing for success
Procurement organization structures
Internal alignment as a prerequisite for procurement impact
Alignment mechanism
Summary and conclusions
03 The strategic procurement cycle
Articulate procurement’s vision, mission and goals
Analyse situation
Develop the procurement strategy
Implement procurement strategy
Learn and improve
Summary and conclusions
References
Part Two Procurement and the supply network
04 Supplier relationship management
Why focus on supplier relationships?
SAME page framework for structuring SRM
Challenges in implementing SRM
Making the change
Barriers to implementing SRM: where are we today?
Summary and conclusions
05 Global sourcing
The anti-globalization movement
The true costs of global sourcing
Shifting centres of gravity
Moving supply closer to demand
The impact of global sourcing on agility
Making the global sourcing decision
Managing a global sourcing network
Summary and conclusions
References
Part Three Delivering performance in procurement
06 Strategic cost management
How to manage costs strategically
Total cost of acquisition/ownership
Cost analysis
Kaizen costing
Summary and conclusions
References
07 The impact of procurement on financial results
Procurement and value creation
Procurement decisions and types of expenditure
Procurement decisions and accounting policy
Measuring financial performance
Enhancing procurement’s value with data analytics
Summary and conclusions
References
Notes
08 Supply chain risk management
Understanding the risk profile
Creating a supplier risk profile
Creating a supplier risk audit
The growing concern for cybersecurity
Creating a more resilient supply chain
Summary and conclusions
References
09 Digitization of procurement: The enabling role of technology
Levels of automation and the role of technology in the procurement journey
Digitization application areas and benefits
Focus for the future: analytics and new technologies
Impact on talent
Summary and conclusions
References
Part Four Sustaining procurement performance
10 Sustainable procurement
Sustainability in the procurement cycle
Drivers and barriers to sustainable procurement
Approaches for sustainable procurement
Summary and conclusions
References
11 The future of procurement
The direction of progress in procurement
Industry 4.0: the future of work in procurement
Talent of the future: why consider a role in procurement?
Summary and conclusions
Epilogue: procurement should ‘shoot like a girl’
Reference
Index