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"Procurement represents 50% of a business's costs. But traditional procurement processes are broken and ill-equipped to take advantage of the potential savings, and procurement teams aren't traditionally seen as integral to business success. Now that COVID has put a spotlight on the instability of existing procurement and supply chain practices, and cost-reduction is a key initiative for everyone right now, there is a window to remake procurement's role in the business. By rebuilding procurement teams to be cross-functional and integrating them earlier into every business process, businesses can halve costs while increasing supply chain resiliency. Reinventing Procurement gives the playbook for CEOs, COOs, CFOs, and CPOs to make their procurement teams a less siloed, more integral part of daily business--including how to plan the transformation, reskill the team, navigate change management, and ensure the impact on the bottom line"--

Industrial procurement.