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Tuesday, March 16, 2010

Value Creation

 

The term "value creation' can be a misnomer, but for procurement professionals it is simple: delivering additional value to the bottom line through new methods. The difficulty only lies in drawing that value out of the plethora of intangible drivers that you have to deal with.

Non-financial factors like innovation, people and ideas are difficult to quantify, rarely acknowledged in accounting methods and not adequately measured, managed or reported on by organisations. However, these are some of the critical sources of value that can be utilised by companies to improve their competitive advantage.



By making procurement work closely with other business functions it can drive flexibility, ultimately making it expandable to customer needs and creating value to the company's bottom line.

VALUE CREATION COMMENT

VALUE CREATION ARTICLES

VALUE CREATION PRESENTATIONS

How cross-functional collaboration can help you to deliver year-over-year efficiencies and achieve Procurement Excellence Online Global Members only
In C-level suites and boardrooms around the world, procurement is increasingly viewed as a strategic function. As CEOs and CFOs are coming to understand supply chain’s impact not only on the bottom line but in addition on the top line, cross-functional collaboration has never been more important.

Leading in uncertain times - keys to building a winning team Online Global Members only
In a highly competitive industry, the key to growth is not how well a manager structures the present, but how well a leader engages the future and moves people forward with confidence.


This Knowledge Group will assist organisations in creating and driving value across the business and to wider shareholders, through thought leadership and drawing on best practice.

If you are interested in becoming a member of the advisory board of this Knowledge Group, please contact us on +44 (0) 207 501 0538.

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