Procurement
Feb 14, 2023

Within procurement, we like to use procurement categories. Or talking about procuring products or services. We are all familiar with the definition of the procurement

“Procurement is everything against which there is an invoice”

This definition is becoming obsolete. Procurement is much more. In our view, it represents the realization of client innovation, sustainability and social return objectives. Perhaps this is directly offset by an invoice because we often impose these objectives on our supplier. With the help of procurement, we can share our values ​​with other suppliers, creating a network of partners with shared values. But there is a risk we make suppliers reactive by telling them what to do. What definition or description do you use for procurement?

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Written by

Dr. Pascal Evertz

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