The Power of Cross-Functional Collaboration

May 01, 2024

When ‘breaking down silos’ becomes more than a cliché, synergy between procurement and other company stakeholders can reduce product complexity and unlock supplier value.

By Tyler Vigen, Matt Lackowski, Dan Belz

Mature procurement organizations can find themselves “suffering from success”: Their diligent work on RFP and negotiation processes in the post-COVID-19 era limits the remaining value they can create through supplier management alone.

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