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Future of Procurement

In: Global Logistics and Supply Chain Strategies for the 2020s

Author

Listed:
  • Christoph Bode

    (University of Mannheim, Business School)

  • Davide Burkhart

    (University of Mannheim, Business School)

  • Ruth Schültken

    (University of Mannheim, Business School)

  • Marcell Vollmer

    (Prospitalia Group)

Abstract

The recent COVID-19 pandemic has shown how fragile modern supply chains are in a globalized world and underscored the importance of effective, well-functioning public and private procurement. Procurement is about the orchestration of a firm’s supplier relationships and mandated with the management of external spend. During the past decades, the role of the procurement has shifted from a clerical support role that merely drives cost savings to a truly strategic role that drives growth, innovation, and value creation. Today, most organizations consider the management of their suppliers as a key strategic issue that requires top management attention. But what are the next steps? What does the future hold for corporate procurement? Using the insights from a large global survey among procurement executives, this chapter develops a framework that provides an outlook on the future of procurement.

Suggested Citation

  • Christoph Bode & Davide Burkhart & Ruth Schültken & Marcell Vollmer, 2023. "Future of Procurement," Springer Books, in: Rico Merkert & Kai Hoberg (ed.), Global Logistics and Supply Chain Strategies for the 2020s, pages 261-276, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-95764-3_15
    DOI: 10.1007/978-3-030-95764-3_15
    as

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