Bain & Company and HBR discuss creating differentiated procurement capabilities for competitive advantage.
Procurement executives face extraordinary new opportunities to be at the forefront of global business transformation, but the confluence of global trends, changing industry ecosystems, and groundbreaking digital technologies has also left growth-seeking companies awash in complexity. With the right set of differentiated sourcing and procurement capabilities, companies can turn that complexity into competitive advantage.
Based on the recent
Harvard Business Review webinar, featuring Bain & Company’s global procurement lead, this executive brief discusses reimagining procurement with a strategic lens, including:
- The rising complexity among global businesses
- How this complexity affects operations and procurement
- How companies are creating differentiated procurement capabilities
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