Procurement: Don’t walk by that MRO storeroom! So says George Krauter, Vice President, Storeroom Solutions, on the show floor at ISM2014. In an interview with My Purchasing Center, Krauter suggests ways for procurement to add value to their organizations.
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We often hear that procurement is focused on meeting and exceeding customer requirements, but benchmarks from Hackett’s Procurement database shows otherwise. Thirty percent of non-world-class organizations rate procurement as an administrator while only 15% of non-world-class organizations rate procurement as a valued business partner. So, if this is the stakeholder’s perception of the procurement organization, what are some things you can do quickly to change it?
Can you think of a organization with a truly global presence that is unaware of the value an effective procurement organization can add to its business model? Only the most backwards of business leaders have their heads in the sand when it comes to procurement. One notable exception to this is…Santa Claus.