Reimagining Procurement: How Leading Organizations Turn Procurement into Competitive Advantage

Name: Reimagining Procurement: How Leading Organizations Turn Procurement into Competitive Advantage
Brand: Grammar Factory Publishing
Author: Mauro Erriquez
ISBN: 9781998528769

by Mauro Erriquez

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About this book

The most consequential business functions aren't always the most visible ones. Procurement touches every dollar a company spends, every supplier relationship it depends on, and every material it transforms into products and services. Yet for most organizations, its strategic potential remains largely untapped. Reimagining Procurement makes the case-and provides the roadmap-for changing that. Drawing on extensive research and real-world examples from McKinsey's work with leading organizations around the world, Mauro Erriquez, Theano Liakopoulou, and Marc Sommerer show how procurement can move from cost center to competitive advantage by reshaping upstream value chains, managing margins with precision, building resilience against disruption, decarbonizing supply chains, deploying AI at scale, and developing the talent and operating models that sustain high performance over time. The companies that have made this shift are measurably outperforming their peers on profitability, on resilience, and on their ability to navigate the strategic challenges that define the next decade. The tools, frameworks, and evidence to do the same are in these pages.