Procurement professionals focused solely on price will no longer exist in 2025, EY LLP consider. Those who see all negotiations as a zero-sum game and believe any ‘money left on the table’ a failure will not have a place in the best procurement teams as the 21st century evolves. While cost will still be a key consideration, it will however be redefined to become multi-dimensional.
This will require multi-dimensional thinkers and profiles in procurement leadership; a change that has already started to take place in the best procurement organisations.
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Ernst & Young LLP (2015). Infinite possibilities: Procurement in 2025 – EY. 1st ed. Ernst & Young Global Limited, US. Available at https://www.ey.com/Publication/vwLUAssets/EY-infinite-possibilities-procurement-in-2025/$FILE/EY-infinite-possibilities-procurement-in-2025.pdf [Accessed 20 April 2019].