Procurement 20/20 (PDF)

How to achieve procurement excellence today and evolve to be
ready for tomorrow

Procurement entrepreneurship pays. High-performing procurement
teams can deliver huge value to their companies--regardless of
industry. The best companies are advancing talent-management
strategies into the heart of their procurement organizations with
huge success. In addition to an estimated $84 billion in yearly
cost savings, companies who give procurement leaders prominence
deliver superior returns from their operations as well as lower
their costs of goods sold.

This book, written by a group of purchasing and supply
management practice experts, shares the hard-earned insights of
more than ten years of dedicated procurement research conducted
with leading academic institutions and practical experience with
marquee clients in the field of procurement. It is also a natural
successor to the many articles McKinsey & Company has published
on the topic. This reliable resource skillfully explains and
codifies the best practices that leading companies have pioneered
in procurement as well as frames how procurement must evolve to
grapple with new global, social, and economic issues affecting
business over the next decade.

* Details the four key dimensions of procurement excellence

* Showcases the five megatrends that will change the way business
is done in the next decade

* Provides strategies that business leaders can adopt in the face
of these megatrends, together with practical advice about next
steps and case examples

The road ahead will require you to redefine your vision for
procurement and implement the required changes. Procurement
20/20 will show you how.