A Road Map to Success: Re-evaluating Your Procurement Strategy

With the right strategy in place, procurement can add business value in ways we’ve yet to see.

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Not having a procurement strategy is like going on a cross-country road trip without a map or GPS, says Jennifer Ulrich, Source One’s associate director and procurement transformation practice lead. 

“There’s a good chance you will get where you want to go, eventually, but it will likely be a long and laborious trip with quite a few dead ends,” she adds.

A solid procurement strategy is a primary building block for organizations that are keen on controlling costs and maintaining compliance with internal and external regulations and safeguards. While procurement is often seen wearing the compliance hat, today with the right strategy in place, it can add business value in ways we’ve yet to see.

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