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Drowning, not waving How Corporate Virtualization has got business leaders out of their depth... And where the real opportunities lie.
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Why the procurement department is drowning

Sep 13, 2014

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Business

Your company is now an island, forced to sail the high seas in search for suppliers. However, internal procurement functions do not have the right means or equipment to navigate this sea of supply effectively - creating incredibly complex problems. Solving these problems with the current resources often yields little results.

Read this Ebook to learn how effective sourcing and management of your suppliers can improve profit, increase innovations and drive competitive advantage; Allowing you to safely navigate toward success, leaving your competitors all at sea.

Download the full Ebook here: http://insight.proximagroup.com/why-the-procurement-department-is-drowning
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Page 1: Why the procurement department is drowning

Drowning, not wavingHow Corporate Virtualization has got business leaders out of their depth...

And where the real opportunities lie.

Page 2: Why the procurement department is drowning

An overview:

Why business has turned into a fishing contest

Page 3: Why the procurement department is drowning
Page 4: Why the procurement department is drowning

Probably not the first thing to spring to mind when it comes to a radical rethink of business practice.

Imagine yourself in a pair.

Page 5: Why the procurement department is drowning

In fact don’t stop there.

Imagine your entire corporate leadership, CFO, CMO, the heads of IT and HR, imagine them

all up to their armpits in large pairs of waders.

Page 6: Why the procurement department is drowning

Picture them at the shore of an ocean holding fishing rods.

Sorting hooks, tangled in wire and attaching bait.

Page 7: Why the procurement department is drowning

Imagine them wading in deeper and deeper because they think it is good for their business.

So deep that the water begins to pour in...

Page 8: Why the procurement department is drowning

Do they look like business leaders now

Page 9: Why the procurement department is drowning

But anglers, metaphorically,is what they have all been

forced to become.

Page 10: Why the procurement department is drowning

Something called Corporate Virtualization

has made fisherman of us all.

The effects are highly significant for your company’s performance.

Page 11: Why the procurement department is drowning

Corporate Virtualization has come about through big changes in business practice: far more revenue than ever before now goes to external suppliers. 70% on average.

Page 12: Why the procurement department is drowning

Across hundreds of different areas.

Page 13: Why the procurement department is drowning

Hence the fishing.

Chances are the answers to your business needs now lie outside of your organization, not within.

Page 14: Why the procurement department is drowning

How well you fish helps determine how well you answer your corporate

and leadership aims.

Businessneeds= ++ $++

Page 15: Why the procurement department is drowning

Which has thrown up several incredibly complex problems...

Page 16: Why the procurement department is drowning

Problem 1

Because there isn’t the internal knowledge or infrastructure to manage such vast areas of external spending, businesses are missing

big opportunities for new ideas and innovation.

Page 17: Why the procurement department is drowning

Problem 2

The level of external risk is greatly increased and harder to control.

Page 18: Why the procurement department is drowning

Problem 3

Many millions a year are lost or wasted.

Page 19: Why the procurement department is drowning

Problem 4

People across the business are forced to bring in the right suppliers, information, people and thinking.

And do it in the right way. At the right time. And the right price.Then manage it all on an ongoing basis.

Something they cannot possibly be qualified to do.

Page 20: Why the procurement department is drowning

Solving the problem could change your career and alter the landscape of your business.

You just need to find the right help.

Page 21: Why the procurement department is drowning

How to win the fishing contest:

Download the full version of the ebook here or visit:

www.proximagroup.com