Dedication
Companies play a vital role in society. In the past, their role, and their success, was framed within a narrowly financial context, and the wealth they created was shared among a privileged few. They viewed their suppliers as a source of savings and their procurement function as the instrument for extracting those savings. In the future, they must contribute to the broader well-being of society—the common wealth. They must benefit the many, not just the few.
As we show in Profit from the Source, some CEOs have already begun to encourage their procurement teams to engage with suppliers in order to profit in the broadest sense of the word: yes, to save costs, but also to produce goods and services for the betterment of society, ones ...
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