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Leading Procurement Strategy
Book

Leading Procurement Strategy

Driving Value Through the Supply Chain

Carlos Mena, Remko van Hoek and Martin Christopher
Kogan Page, 2014

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Editorial Rating

8

Qualities

  • Innovative
  • Applicable

Recommendation

Procurement – once known merely as “purchasing” or “supply” – used to be a business backwater with no prestige. Today, procurement is increasingly important as a strategic differentiator. The way procurement executives plan, organize and manage your supply chain is the “only source of sustainable competitive advantage remaining today.” This collection of informed essays by supply-chain experts Carlos Mena, Remko van Hoek, Martin Christopher and others details the current best practices in this crucial area. getAbstract recommends this anthology as an indispensable minicourse on corporate procurement and its likely future direction.

Take-Aways

  • Most businesses spend half of their sales revenue buying needed products and services. Therefore, procurement is a core business function.
  • The “strategic procurement cycle” supports effective procurement.
  • The cycle offers opportunities for continuous improvement.

About the Authors

Carlos Mena directs the Center for Strategic Procurement and Supply Management at the Cranfield School of Management, where Remko van Hoek is a visiting professor. Martin Christopher previously headed Cranfield’s Demand Chain Management department.

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