PROCUREMENT VALUE PROPOSITION TRANSFORMATION FOR LARGE SCALE PROCUREMENT ORGANISATIONS: THE FUTURISTIC MODELJournal: International Journal of Management (IJM) (Vol.6, No. 11)
Publication Date: 2015-11-27
Authors : DNYANESH SARANG GIRI GANESH; SRIKANTH PINGALI;
Page : 51-69
Keywords : Iaeme Publication; IAEME; Research; Engineering; Management; Business; IJM;
Today, sustainability and corporate responsibility draw increased focus, along with technological advances, geopolitical and macroeconomic alterations, and demographic shifts is leading to a rapid organisational change in the external and internal environment of the global business landscape. (hanfield, 2014). The sourcing and Procurement function is increasingly mandated to fuel the growth and dexterity necessary in these volatile and uncertain times. CPOs and other senior executives are faced with a challenge to adapt to a dynamic business environment and to create greater business value. (Genpact, 2014) If purchase and supply chain managers are to embrace these challenges new skills, competencies and new ways of looking at supply structures and process need to be looked at. (hanfield, 2014). Many global businesses have gained efficient results through Procurement transformation initiatives in the past; however its current operating models are seldom able to deliver on these expectations due to large scale macro-economic shifts and dramatic changes in the role of Procurement within organizations.
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