ABSTRACT
Public sector procurement professionals have the power to be in the driver’s seat in leading procurement’s transformation into a function that reflects an entity’s vision and goals. By using the principles of strategic sourcing in day-to-day acquisitions, rethinking long-held practices, and collaborating with clients and suppliers, procurement professionals can optimize procurement processes to create innovative solutions, help solve past contracting issues, and provide value beyond price for their entities. By viewing procurement holistically and engaging in ongoing process improvement, procurement professionals can have a significant impact in generating value in support of entity goals. By combining critical thinking skills, advanced research and analysis techniques, and a rigorous planning process to sourcing activities, procurement professionals can create real savings, enhance supplier performance, foster innovative idea creation, and encourage ongoing improvement.
