Profit from the Source By Christian Schuh, Wolfgang Schnellbacher, Alenka Triplat, Daniel Weise
- Narrated by: Nigel Patterson
- Length: 7 hrs and 34 mins
- Release date: 06-21-22
Profit from the Source By Christian Schuh, Wolfgang Schnellbacher, Alenka Triplat, Daniel Weise AudioBook Summary
Procurement can be your company’s surprising secret weapon for winning in turbulent times.
In most companies, procurement is an unglamorous, unloved part of the business. Sourcing and supplier management are strictly about costs, the thinking goes, and all that matters is playing hardball to get these as low as possible. No connection to innovation or strategy or creating positive value.
Not so fast. As BCG thought leaders explain in Profit from the Source, procurement should be regarded in a new light because it has the potential to be a CEO’s secret weapon in these fast-moving, disruptive times. With vivid stories and in-depth case studies, they illustrate that no other business function offers the same holistic view of a company—from suppliers who provide the organization with raw materials and components through to consumers who buy the finished product. While it’s true that a core task of procurement is to control costs, the authors show how it can help businesses generate phenomenal value in innovation, quality, sustainability, speed, and risk reduction.