Strategy Report: Procurement as a growth engine

Procurement Leaders research into procurement’s contribution to business growth, produced in partnership with Ivalua, looks at the key levers available to leaders to support this contribution.

Organisations are increasingly recognising procurement’s unique position within the value chain and, with it, the function’s potential to deliver new sources of value. As businesses seek to emerge from the pandemic, the most ambitious CPOs will explore ways to help fuel growth by converting supplier value into top-line value by:

• Accessing supplier innovation

• Turning costs into a competitive advantage

• Measuring procurement’s contribution to revenue growth