As CPO of Rio Tinto, Ramsay Chu has a few challenges on his plate – a commodities industry in turmoil and intense competition in particular. But while it’s certainly a challenging environment, it also offers the opportunity to impact the business in more creative and innovative ways.
The Indian Space Research Organisation's latest achievements prove just how far a few million dollars can go and could provide a valuable lesson in procurement and cost-effective engineering to us all.
Research conducted earlier this year into procurement operating models brought to light several worthy insights, but one in particular stood out for me and is particularly relevant to this argument – that the process of change in itself is just as powerful as the end result.
One of our members recently posed a question to the wider Procurement Leaders community: how successful do you find P&L savings, working capital management and supply base simplification as KPIs? And, if they aren’t good metrics, which are better?
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