Three steps to excellence

Leading-edge companies are taking their procurement beyond category management and strategic sourcing. Alex Klein explains how it's done

In most large companies, the procurement function has come a long way over the past 10-15 years. It has been repositioned - at least to some degree - towards a more commercially focused operation.

Most have adopted some form of category management, many have executed waves of strategic category sourcing, often with the assistance of management consultants...

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