Ep 08 Inside Procurement: Aligning Procurement Strategy with Corporate Strategy

In the first podcast of 2019, we discuss ‘procurement strategy’. Not a new concept, but for many this just meant achieving simple goals – such as reducing cost by 5% Y-o-Y. However, recently there have been significant developments within the procurement function, resulting in leaders becoming far more sophisticated in how they conceptualise their strategies, but most importantly, how those strategies can support the company’s overall business goals. In this podcast we pick two important aspects of strategy: What is strategy – ‘procurement strategy’ in particular? How can companies ensure their procurement strategies are aligned with the overall corporate strategy?