Funnel Vision: Procurement’s Unlikely Blueprint for Driving Transformation
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“Procurement chiefs must embrace new ideas, new technologies and new models of execution to deliver the value they are being asked to contribute to their organizations.” — Walter Charles, Chief Procurement Officer for Allergan
By establishing a pipeline-based procurement process, Sourcing organizations have realized important, new capabilities to:
- Assess and action on organizational maturity level
- Engage earlier to establish priorities and status
- Build an effective team lens into long and short-term strategic opportunities
- Determine accurate forecasting of lead time, costs, exposure, and business impact
- Create process efficiencies through collaboration and workflow resource allocation
- Deliver greater customer satisfaction scores with suppliers, stakeholders, and key vendors
- Avoid over commitment of resources, budget, and impact
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