Transcription of Getting to the world class procurement best practices
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Getting to the world class procurement best practices
Getting to world class procurement best practices Sharing PasiaWorld2016 Philippine Conference10 November 2016 Senior Vice President Supply ChainLBCA gendaBackgroundOur evolving roleCurrent state assessmentBest practicesFollow a programNext StepsShow the resultsProcurement : BackgroundGovernancePeopleProcessEnabler s Weak and traditional policies in place Treating procurement as catch basin for supply chain issues Discounting procurement in strategic planning Few procurement centered initiatives to improve bottom line savings Low investment on skills development Stuck on buyer only mentality Lack of proper training in best practices to elevate procurement organization Maintaining a silo mentality with other business units best practices are not made available or totally unused D
Business Imperative Procurement is a vital part of an organization that enables conversion of resources to profit. Similar to other profit generating business units, Procurement can create value and improve the bottom line of the company.
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