Half of world-class procurement organizations report a high level of involvement in the company’s budgeting and planning cycle. They are considered trusted business advisor by the organization, not gatekeepers or administrators. To achieve this status, they make certain to proactively understand what requirements drive the business as opposed to simply facilitating the buying process. When the requirements are truly understood, costs can be reverse-engineered, making it possible to explore potentially less-expensive and/or higher-quality alternatives. When recognized as a trusted business advisor Procurement also is involved around innovation activities and in many cases supporting top line growth. Be recognized by your stakeholders, however, as a trusted business does not come easy. Join this webcast to hear how world class organizations evolve their capabilities in order to align with the trusted business advisor level.

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