Elouise Epstein

This book is an in-depth look at how to strategize, evaluate, and approach the wildly exciting world of digital procurement. More than any other enterprise function, procurement has grown from back-office cost control to strategic business partner. Today's procurement practitioners are at the forefront of innovation, sustainability, and social responsibility, making change by directing where and how enterprises spend their money. The transformation has been spurred by the billions of dollars invested in digital procurement solutions, which is fundamentally changing the traditional ways of operating. Within these pages you'll find a blueprint for approaching the complexity of procurement and making smart technology investments. You'll also become acquainted with the significant organizational implications of digital done well, and with success measures, watch-outs, and innovations in the offing. Taken together, a strong digital procurement capability will enable businesses to not only be prepared, but to thrive when confronted with tomorrow's disruption.

Disruptive Procurement is a radical new approach to creating value and innovation by challenging the status quo in the entire product and service line. It requires going far beyond conventional desktop procurement to understand the value the company brings to its customers as well as the value that suppliers bring to the company. By combining knowledge of these two dimensions, companies become far more flexible and they move closer to disrupting the environment in ways that create value. To move toward Disruptive Procurement, companies need a holistic view and a complete new set of capabilities for staff in marketing, sales, R&D, manufacturing, innovation, and, of course, procurement. This will only happen if procurement is fully backed by the Chief Executive Officer and companies embrace digital tools that will help make procurement slimmer and smarter.

Disruptive Procurement is a radical new approach to creating value and innovation by challenging the status quo in the entire product and service line. It requires going far beyond conventional desktop procurement to understand the value the company brings to its customers as well as the value that suppliers bring to the company. By combining knowledge of these two dimensions, companies become far more flexible and they move closer to disrupting the environment in ways that create value. To move toward Disruptive Procurement, companies need a holistic view and a complete new set of capabilities for staff in marketing, sales, R&D, manufacturing, innovation, and, of course, procurement. This will only happen if procurement is fully backed by the Chief Executive Officer and companies embrace digital tools that will help make procurement slimmer and smarter.