Question

find an article on procurement and summarize whats is it on and post the link of the article

Answer 1

The image below is related to The Evolution and Future of Procurement skills:

Summary:

• Procurement role has gone strategic shift from purchasing to providing competitive advantage
• The skill set required in procurement function has evolved over time and require much broader skills like sophisticated analysis, looking globally for sources etc.
• The outsourcing of procurement activities on the rise
• The requirement of training is increasing over time even for professionals working in third party pay role
• Procurement people must act and think like CEO to be able to take best business decision
• Procurement role will not disappear but change the way it functions
• Procurement professional must continuously improve the understanding by engaging in training, reading email newsletters etc.