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Profit from Procurement
Add 30% to Your Bottom Line by Breaking Down Silos
Alex Klein (Author), Simon Whatson (Author), Jose Oliveira (Author)
9781119784739, Wiley
Hardback, published 22 April 2021
240 pages
22.9 x 15 x 2.8 cm, 0.408 kg
Your lack of focus on Procurement is limiting your profits. Multiply them by making Procurement a company-wide priority. Profit from Procurement: Add 30% to Your Bottom Line by Breaking Down Silos delivers an insightful, compelling, and fresh take on a subject that typically comprises 50% of a business's total costs: Procurement. Alex Klein, Simon Whatson and Jose Oliveira, leaders at the world's largest dedicated Procurement consultancy, highlight the limitations of the traditional, functionally siloed approach to Procurement, and demonstrate how significant EBITDA gains can be made by lifting Procurement out of the back office and enabling it to fundamentally reset a company's cost base. Its accessible, frank, and refreshing style, combined with practical, actionable advice, based on the authors' extensive real-life experience, make it a must read for any executive looking to make an impact through Procurement. The book offers readers a practical and concrete roadmap to optimizing, integrating, and deploying a company’s Procurement capabilities, creating a less siloed, more impactful function. Readers will learn how to: Perfect for C-Suite executives and Procurement professionals at companies of all sizes, Profit from Procurement belongs on the bookshelves of every employee and leader tasked with company operations and profit strategy.
Chapter 1 INTRODUCTION: Why Procurement, and Why Now? 1 Chapter 2 AMBITION: Ensuring You Are Set Up for Success 15 Chapter 3 SOURCING EXECUTION: Making Sure That the Engine Room Delivers 27 Chapter 4 PEOPLE: Building a Winning Procurement Team 47 Chapter 5 OPERATING MODEL: Making It Work in Practice 61 Chapter 6 CROSS-FUNCTIONAL CHANGE: Repositioning the Function as a True Partner 79 Chapter 7 SUPPLIERS: Engaging Effectively 89 Chapter 8 NON-SAVINGS PRIORITIES: Balancing Your Objectives 103 Chapter 9 SAVINGS REALIZATION: Stemming the Leaks 115 Chapter 10 TECHNOLOGY: Investing in and Adopting the Right Tools 133 Chapter 11 CONSULTANTS: Using Consultants in Procurement 147 Chapter 12 PRIVATE EQUITY: Learning Lessons from PE 165 Chapter 13 ROADMAP: Making a Concrete and Realistic Plan 177 Chapter 14 CONCLUSION: Summary and Final Thoughts 195 Acknowledgments 207 About the Authors 209 List of Acronyms 213 Index 215
Subject Areas: Business & management [KJ]
