By Hervé Legenvre, PhD EIPM
Previously I wrote a post on our recent research project that shows that purchasing is delivering value to the business.
Part of this research also shows that one question Most Business leaders will face in the future is “Where should we look within our business ecosystems for new opportunities to create value?”
Purchasing Executives offer a daring answer to this question. They acknowledge that today most of their focus in on existing suppliers. But they believe that in the future, to create value for the business they will need to look beyond the obvious. They will need to further explore the ecosystem and engage with:
This makes a lot of sense from a business point of views and this is a great sign that purchasing is increasingly thinking creatively!
That being said; this will also require changing the way people look at business ecosystems:
This is exciting time. And we will continue to monitor closely the progress of this profession and the best practices they use to make this happen?
Find out about our research: http://www.eipm.org/research/observatory/
EIPM Value Creation Observatory Director