In most companies, procurement is an unglamorous, unloved part of the business. A job in the procurement office? A fast track to nowhere. Sourcing and supplier management is 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 Boston Consulting Group thought leaders Christian Schuh, Wolfgang Schnellbacher, Alenka Triplat, and Daniel Weise 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. The authors offer a wake-up call and a new strategic blueprint to leaders everywhere. 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 any procurement function is to stop costs spiraling out of control, the authors show how it can help businesses generate phenomenal value from five other sources of competitive advantage that are critical to success-innovation, quality, sustainability, speed, and risk reduction. Drawing on BCG research and the authors’ firsthand experience working with some of the world’s leading companies-in high tech, automotive, consumer goods, and many other industries-Profit from the Source provides proven strategies to drive new bottom-line, and top-line, growth for your company–
