Busting Procurement Transformation Myths

    WILLOW GROVE, PA, September 21, 2019 /24-7PressRelease/ -- Throughout their years of client engagements, Source One's Procurement Transformation experts have empowered organizations in a range of industries to make the function a valued business partner. Oftentimes, this means addressing misconceptions and working to help Procurement recognize its own potential. They examine some of the most popular misconceptions in their new whitepaper: Busting Procurement Transformation Myths. Separating fact from fiction, they hope to change the conversation around this ever-popular topic.

"Transformation is often a scary word," says Jennifer Ulrich. As Source One's Procurement Transformation lead, she has seen numerous companies talk themselves out of potentially game-changing projects. She continues, "To many, the term sounds like a complete overhaul that'll deplete their resources and alienate their stakeholders. I hope our latest publication will encourage them to start seeing things differently. Approached strategically, Transformation helps Procurement distinguish itself as an asset and finally secure itself a seat at the executive table."

Organizations often assume that Procurement Transformation will benefit Procurement alone. "That conclusion is especially dangerous," Ulrich remarks, "in organizations where Procurement has historically struggled to engage with its peers." She contends that each unit within an organization will benefit when Procurement is armed with the right resources and empowered to pursue more strategic initiatives.

Source One's spend management team will offer insights for planning a Procurement Transformation at next month's Sourcing Outlook conference in Stockholm. Leading a round table discussion, they will outline the process of designing and executing on a transformation roadmap. Read Source One's blog, the Strategic Sourceror, for more updates from the authorities on Procurement Transformation.

Source One is the premier procurement services provider and spend management consultancy Since 1992, our team of strategic sourcing specialists has supported best-in-class organizations in optimizing their approach to procurement and driving more value from their supplier relationships. We work as an extension of clients' existing teams and save them time and resources by applying our expertise, tools, cross-industry best practices, and customized supply management solutions. To learn more about Source One, a Corcentric company, visit us online at: https://www.sourceoneinc.com/consulting-tools/consulting-services/pro ... advisory//

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