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Supply Market Intelligence for Procurement Professionals by Kelly Barner, Jeanette Jones

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THE BUSINESS CASE FOR SUPPLY MARKET INTELLIGENCE

When procurement allows their work to be driven by external information and advised by internal data, rather than the reverse, they position themselves closer to the operational pulse of the organization. As we have demonstrated through our review of processes and tactics in Chapters 1 through 4, leveraging supply market intelligence in procurement is not another initiative running in parallel to other efforts. Instead, it forms the basis for an execution philosophy that should be internalized by procurement and consistently carried out across all initiatives.

Each organization must make the conscious ...

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