Leading Procurement Strategy: Driving Value Through the Supply Chain

Description

Delivering successful procurement programs has helped businesses like IKEA, Tesla and Nike maximize the potential of their resources and gain the competitive advantage. Learn how to develop similar strategies, that meet the needs of the business, customers and suppliers, and lead their implementation using insights from the experts in procurement strategy. Leading Procurement Strategy provides readers with a complete overview of the skills, knowledge and tools needed to implement a successful procurement strategy. The expert author team of Carlos Mena, Remko van Hoek, and Martin Christopher present practical advice and guidance underpinned by academic theory and supported by an extensive range of real-world case studies including IBM, IKEA, John Deere, NASA, Nike and Tesla. Readers are shown how to develop, deliver and sustain procurement performance with clear and accessible guidance. The third edition offers the latest insights into the future of procurement and digitalization, updates on green and socially responsible procurement and a revised structure. The key issues affecting the procurement function are covered and tips for developing the best practices in teams are found throughout. Cover Contens About the authors Foreword Part One Procurement strategy 01 Introduction: The strategic role of procurement Procurement and its impact on the bottom line Procurement and sustainable competitive advantage The changing role of procurement The context of strategic procurement Procurement sub-processes and the road to maturity Structure of the book Summary and conclusions References 02 Procurement and the organization: Organizing for success Procurement organization structures Internal alignment as a prerequisite for procurement impact Alignment mechanism Summary and conclusions 03 The strategic procurement cycle Articulate procurement’s vision, mission and goals Analyse situation Develop the procurement strategy Implement procurement strategy Learn and improve Summary and conclusions References Part Two Procurement and the supply network 04 Supplier relationship management Why focus on supplier relationships? SAME page framework for structuring SRM Challenges in implementing SRM Making the change Barriers to implementing SRM: where are we today? Summary and conclusions 05 Global sourcing The anti-globalization movement The true costs of global sourcing Shifting centres of gravity Moving supply closer to demand The impact of global sourcing on agility Making the global sourcing decision Managing a global sourcing network Summary and conclusions References Part Three Delivering performance in procurement 06 Strategic cost management How to manage costs strategically Total cost of acquisition/ownership Cost analysis Kaizen costing Summary and conclusions References 07 The impact of procurement on financial results Procurement and value creation Procurement decisions and types of expenditure Procurement decisions and accounting policy Measuring financial performance Enhancing procurement’s value with data analytics Summary and conclusions References Notes 08 Supply chain risk management Understanding the risk profile Creating a supplier risk profile Creating a supplier risk audit The growing concern for cybersecurity Creating a more resilient supply chain Summary and conclusions References 09 Digitization of procurement: The enabling role of technology Levels of automation and the role of technology in the procurement journey Digitization application areas and benefits Focus for the future: analytics and new technologies Impact on talent Summary and conclusions References Part Four Sustaining procurement performance 10 Sustainable procurement Sustainability in the procurement cycle Drivers and barriers to sustainable procurement Approaches for sustainable procurement Summary and conclusions References 11 The future of procurement The direction of progress in procurement Industry 4.0: the future of work in procurement Talent of the future: why consider a role in procurement? Summary and conclusions Epilogue: procurement should ‘shoot like a girl’ Reference Index