APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Procurement
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • Procurement
    Editor's Pick (1 - 4 of 8)
    left
    Reshaping Transportation Mobility With Simplified Services

    Kirk Serjeantson, CIO, Dicom Transportation Group

    How to Attract Next Generation IT Talent

    John Burke, CIO, Ambit Energy

    Big Data: The Catalyst of Digital Transformation

    Mona Badie, CIO & CDO, GE Hitachi Nuclear Energy

    Use of Big Data Analytics in Supply Chain

    Pankaj Bhargava, CIO, Pidilite

    Leveraging Procurement to Drive Marriott Internationals Sustainability

    Stephane C Masson, Senior Vice President of Global Procurement at Marriott International

    The Perils of Big data in Procurement

    Fabio Baldassari, Procurement Director - Logistics, Niagara Bottling

    Trends in the Procurement Space

    Interview with Brian Holbrook, Director, Indirect Procurement, Kerry

    Maximizing the use of procurement technologies

    Javier V. Carnevali P., Sourcing and Procurement Director, Grupo Herdez

    right

    Endangered Species - Procurement Evolution Of Procurement Towards BizDev

    Egemen Tumturk, Global Sourcing Director, Bugaboo

    Tweet
    content-image

    Egemen Tumturk, Global Sourcing Director, Bugaboo

    There are tremendous changes happening in digital areas like AIs, blockchain, IoT, and ERPs. Many business functions including procurement are still talking about their processes, flat, cross-functional or traditional organization structures with excellent execution skills. Since their foundation is based on this model, reducing transactions, having activities done faster, making data transparent and using data in decision making are considered as part of creating value. I believe procurement activities and transactions that are not on the main end to end value stream of an organization will be obsolete in a few years of time. And procurement needs to evolve into a business development function with a new definition “creating short and long term value for an organization from customers, markets, internal and external relationships.”

    Procurement’ s Inertia

    In many procurement summits that I joined, I witnessed perfect cases and presentations about advanced risk management practices, vendor reduction, and consolidation programs, cost improvement programs via procurement levers, organization transformations from central to regional, regional to central, massive supplier portal implementations, automations and etc.

    Creating short and long term value for An organization from customers, markets, Internal and external relationships

    Drive such changes in multi-billion dollar organizations having thousands of suppliers requires strong leadership, knowledge, energy and focus. However, to be boldly said, these advancements and progresses are not that different than evolution of cars from 1950s to now. Basically, we are still building everything on a chassis with four wheels but we are making them faster (agile), safer (risk under control), comfortable (digital) and energy efficient (less vendors and people).

    Where to Focus

    Today procurement and procurement people are sitting in a very important position in all organizations. With access to all strategic initiatives from product and services development to market launches, business growth plans to regional expansion strategies, procurement is indeed accessing to end to end value stream of every organization. However, due to competence and skill set of its resources and so much focus on improvement their traditional way of running business like supplier relationship management programs, p2p transactions, internal stakeholder management, optimization projects and by only focusing on bottom line figures, procurement is missing its main opportunity which is expanding network value of their organizations through business development.

    Road to Disruption

    While we continue to build faster, comfortable and energy efficient cars with wheels, we need to start thinking about new platforms which do not require any roads, wheels and drivers. A business model approach which starts by a new value creation model, revenue and EBIT maximization model and a logical connection of those two, may be starting point of a new structure that procurement may evolve. From my point of view, that is an extended version of business development function which is focusing from short to long term value creation through internal and external relationship management, markets and customers. This requires a thorough redesign of transactions and activities where robots and AIs can run easily on those and of course turning procurement people into businessman and woman.
    tag

    IoT

    Weekly Brief

    loading
    Top 5 Procurement Services Companies in Australia - 2023
    Top 5 Procurement Services Companies in Indonesia – 2023
    ON THE DECK

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Loading...
    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://procurement.apacciooutlook.com/views/endangered-species-procurement-evolution-of-procurement-towards-bizdev-nwid-6569.html