A vision of purchasing perfection

What does the perfect procurement function look like and what are its priorities? Peter Smith examines its shape today and in the future

A speaker at a seminar recently proclaimed that his previous company - a very large technology corporation - had "done everything possible in procurement and only measured performance to check that we were staying at the optimal position". I doubted it then and I still do. If anyone working for me reached that level of complacency, they would be moved to another job...

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