Procurement as a growth engine

David Rae

Forward thinking business leaders are exploring how procurement can bring new opportunities for growth, as they become increasingly aware of the huge potential that exists in the upstream supply base.

That potential can manifest itself in many ways, but organisations that remain fixated on driving cost from supplier contracts alone will be at a significant competitive disadvantage in the years to come.

It is an evolution that has been taking shape for many years, but which is picking up speed as progressive procurement functions become more strategic and wield more influence over company boardrooms.

Recent research by Procurement Leaders illustrates this shift well. The report, Procurement as a Growth Engine published earlier this month reports that 86% of senior procurement executives claim their teams support revenue growth, with almost three quarters of those claiming that innovation scouting is the biggest opportunity for doing so.

Sign up to read the full story

Enjoy unlimited procurement coverage and article access. Leave your email address and keep reading research and insights created by Procurement Leaders and our guest writers.

By submitting your email, you will be signed-up to receive updates from Procurement Leaders. You can update your email preferences or opt-out at any time. For full details, see Privacy Policy.

More insights

Scroll to Top

Submit the form to find out more about membership