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July-August 2013
How do you extend the frontiers of supply management excellence and build a solid competitive advantage? Answers to this pivotal question emerged from an Executive Summit of supply chain leaders convened recently at Michigan State University. The four companies profiled here, all participants in that summit, have adopted principles that promote excellence and continue to expand that frontier. Browse this issue archive.Need Help? Contact customer service 847-559-7581 More options
What is procurement excellence? The answer depends on whom you ask. It seems that each expert comes at the concept from a different perspective.
For Robert Rudzki, procurement excellence is about understanding corporate leadership’s expectations for the function—regardless of how basic or how advanced these are—and then meeting those expectations. For Philip Carter, procurement excellence is about managing risk. For Robert Monczka, it’s about improving competitiveness. For Timothy Fiore, procurement excellence is about aligning with overall business objectives, and then collaborating around those objectives.
As diverse as these definitions seem, however, they are all in a way interconnected. For example, meeting corporate leadership’s expectations requires managing competitiveness, collaborating on corporate objectives, and managing risk. Managing competitiveness depends on the ability to meet corporate leadership expectations as well as the ability to collaborate and manage risk. Managing risk requires the ability to manage competitiveness and faster collaboration.
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Sorry, but your login has failed. Please recheck your login information and resubmit. If your subscription has expired, renew here.
July-August 2013
How do you extend the frontiers of supply management excellence and build a solid competitive advantage? Answers to this pivotal question emerged from an Executive Summit of supply chain leaders convened recently at… Browse this issue archive. Access your online digital edition. Download a PDF file of the July-August 2013 issue.Download Article PDF |
What is procurement excellence? The answer depends on whom you ask. It seems that each expert comes at the concept from a different perspective.
For Robert Rudzki, procurement excellence is about understanding corporate leadership’s expectations for the function—regardless of how basic or how advanced these are—and then meeting those expectations. For Philip Carter, procurement excellence is about managing risk. For Robert Monczka, it’s about improving competitiveness. For Timothy Fiore, procurement excellence is about aligning with overall business objectives, and then collaborating around those objectives.
As diverse as these definitions seem, however, they are all in a way interconnected. For example, meeting corporate leadership’s expectations requires managing competitiveness, collaborating on corporate objectives, and managing risk. Managing competitiveness depends on the ability to meet corporate leadership expectations as well as the ability to collaborate and manage risk. Managing risk requires the ability to manage competitiveness and faster collaboration.
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