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Procurement Collaboration for Business Integration

With collaborative procurement, we can find valuable partners within treasury, product development, legal, line-of-business, and suppliers, and extend the value of procurement beyond its four walls. Common goals, shared information, linked processes and systems, and above all, mutual understanding, can enhance the value of procurement’s relationships inside and outside of the enterprise. The diagram below shows the links of Procurement with internal and external stakeholders.

future-procurement
Image taken from https://home.kpmg/xx/en/home/services/advisory/management-consulting/optimize-your-sector-operations/future-procurement.html

Contemporary Role of Procurement

Today, Procurement continues to undergo significant changes and leading organizations have already integrated the function at the core of strategic considerations, understanding that it will play a central role in transforming the value chain. In order to play this role however, Procurement cannot limit itself to being an independently operated entity. It needs to become an agile function, deeply rooted in the organization’s DNA and involved upstream in cross-functional decisions. The diagram below shows the involvement of Procurement from Internal Office to External Supplier Office.


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Pearlyn Chan Sook Wai, DPSM
Pearlyn Chan has extensive experience in procurement. She is passionate about procurement methodologies and strategies to improve workplace procurement process efficiency and cost savings for an organization. She holds a Diploma in Electronic Computer and Communication from Nanyang Polytechnic of Singapore, majoring in wireless telecommunication. Pearlyn is a member of Singapore Institute of Purchasing and Materials Management (SIPMM). She completed the Diploma in Procurement and Supply Management (DPSM) in December 2019 at SIPMM Institute.
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