There is no denying that procurement must change. We can sense it in what our executive team asks of us, in what our supply partners are suggesting, and in the increasing role of technology in everyday procurement workflows. The business has recognized what we are capable of, which has opened the door to increased insight and influence.

If procurement leaders and teams are going to be ready to make the journey ahead, we have to carefully design our desired future state - one that balances resilience with efficiency.

Part of the challenge we face is that procurement has been undergoing constant change for a while now. While procurement might previously have attempted to perform ‘better,’ we now need to pivot and deliver a completely new scope of value. Fortunately, there are many resources we can lean on to facilitate this shift - including automation and broader access to talent by tapping a virtual workforce.

In this AOP Live session, Conrad Snover and Joe Adamski from ProcureAbility will share ProcureAbility’s vision for the future of procurement, an organization that is viewed as a partner to the business, generates value beyond traditional measurements, and leverages technology and process optimization to increase strategic focus. Some of the topics they will cover include:

• People: What type of partner will procurement be in the future? What will our relationships look like and what skills will we need to be successful in this new paradigm?
• Process: As technology inevitably improves the efficiency of procurement’s tactical workload, what new activities will emerge in its place? To what extent will procurement be able to select our future scope of work, versus having responsibilities dictated to us by daily business needs?
• Talent: With the rise of workforce virtualization, the sky's the limit when it comes to building out the future team. What precise mix of talent should be maintained in house and when is it best to leverage the specialization and flexibility of consultants or contingent workers?
• Results: Although savings will always be part of procurement’s value proposition, it is only the beginning of what we can offer. What other sources of value does the business need and what can procurement do to deliver against them?
  
  

After attending this session, you will be better equipped to solidify a vision for your future procurement operating model and start addressing the key considerations you will encounter on your journey.

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