Procurement professionals increasingly face a complex environment in which they have to perform their job.
Where reducing costs for purchased goods and services used to be the only focus, now procurement has to deal with
legal issues, sustainability concerns, ethical considerations and lots more.
More importantly, all of those issues can have a major impact on businesses, putting an increasing level of responsibility on the procurement professionals.
If companies want to be prepared to tackle future challenges, procurement departments must have a broad position so they can take on those challenges.
In other words, the role of procurement will have to expand even more in the coming years.
In a recent article from IndustryWeek, Niul Burton, principal at Ernst & Young LLP, discusses 10 change dimensions which represent the most important challenges that will transform procurement in the future.
To read more about them, check the full article.