End of the worldwide function?

Diageo is scaling back its global procurement ambitions. David Arminas assesses the implications for other international companies and the profession

Multinational companies have long believed that global procurement holds out the promise of great savings through aggregated spend worldwide. But the reality is that global procurement is also one of the most difficult areas for purchasing professionals. As our news story shows, international drinks company Diageo is scaling back its global procurement group and...

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