How to set up a procurement organization?

The Procurement Game Changers

A best-in-class procurement can be a key differentiator for a company’s success. And one of the ways to determine whether it is best-in-class is by looking at its ability to save money for the organization.

According to Ricardo Gaxiola, a procurement veteran with 25 years of experience, the mark of an outstanding procurement is its ability to be recognized as a valuable brand that external suppliers prefer to work with. "Procurement needs to be a facilitator of a data-driven decision-making process in an organization,” he maintains. Ricardo adds that heightened collaboration between procurement and internal stakeholders can be the key to such procurement excellence.

Tune in to learn about his perspective on several other aspects, including how to use technology and how to deal with internal resistance while setting up a procurement organization. Tune in.