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The evolution of procurement.

RiskSupplier relationship managementCost and Cash ManagementTalent and LeadershipBlog+-

Reading about the projects undertaken by the winners of this year’s Procurement Leaders Awards gives a sense of just how far procurement has come in just a few years and how the function continues to evolve.

 

Every year the award entries are more innovative, more collaborative and show how procurement’s influence within the business continues to rise while also delivering increasing amounts of value and hitting savings targets.

 

This year’s awards saw 300 entries received from 140 different companies in 28 countries. Some of those firms included consumer goods giants Unilever and Procter & Gamble, along with the likes of Delphi, Siemens, GSK, BlackBerry and Swiss manufacturing firm Buhler.

 

Take for example F. Hoffman-La Roche, winner of the innovation award.

 

In 2012 the company set up a Supplier Relationship Centre where Roche employees sit and work with executives from suppliers to create an environment for innovation.

 

In their deliberations the judges said that the project had been a "ground breaking route to positive results".

 

Buhler is another example. The company implemented its ’Motor Selection Tool’, initiative that is helping to streamlining manufacturing and supply chain flexibility. The project saw the procurement team work particularly closely with engineering.

 

Speaking after the Awards, John Walker, CPO of Buhler said, "It is important to emphasise the cross-functional aspect of this category because this is not just a procurement award. Colleagues from the divisions - including quality, engineering, manufacturing, logistics and more - all played vitally important roles. That makes winning this award all the more exciting and inspiring."

 

With procurement evolving at such a rapid rate and exerting its influence around the business further, next year’s awards will set the benchmark even higher.

 

To read more about the awards click here

Tim Burt
Posted by Tim Burt