Reflecting on the two days of discussion, what’s been striking has been that for all the eagerness to look at the next level of possibilities for the function, the toughest questions have been ‘is there a simpler way to do this’.
Governance is extremely important as it determines the value that procurement is able to provide to the business, whether in terms of saving money, avoiding risks or achieving broader business objectives such as innovation or time-to-market improvements.
For all the attention placed on the economies of China, India, Japan, Korea and their neighbours, I’d suggest that western business is still learning about the east. And perhaps there’s more to learn than gets recognised.
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