‘Keeping Up with the Joneses’ – Cutting-Edge Procurement

‘Keeping up with the Joneses’ – Cutting-edge procurement

Jeremy Smith In the press

At a first glance, procurement and innovation come across as unlikely bedfellows. Whereas one is historically focused on delivering short-term savings, the other is more outward-looking and engaged in delivering less tangible results – at least in the short term. This outdated view of procurement’s relationship with innovation continues to persist in a number of companies despite numerous developments. An unstable economic backdrop saw procurement’s standing in countless businesses greatly increased as many turned to savings delivery as a means to drive growth. Now, as the economy recovers and procurement finds itself in a more strategic role, there is a necessity for the function to deliver beyond a remit of pure savings.

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