During discussion at the recent CPO Agenda Cost-Cutting Summit, procurement’s contribution and ambition was frequently described in the following ways:
- “Long term delivery of value for money.”
- “Getting more for less,” and “making a broader impact for lower cost”.
- “Leveraging your cost base,” and “creating a cost conscious culture”.
This isn’t surprising given that the purpose of the evening was to discuss how to make cost savings. But what is worrying is that these phrases were also used when discussing procurement’s role longer-term. (more…)