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A CPO in the financial services industry also noted that a need to redefine procurement’s role in the enterprise is happening, driven by the recognition that a new type of procurement capability is needed: Prior to our transformation, the ONLY metric by which our performance was measured is how much money we saved for the organization.
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Marsh did not have centralized approach to supplychainmanagement. But because of their less mature supplychain organization, the net income percentage was in the low single digits. Stuart discussed the need for a supplychain Swiss Army knife skill set. We would never move that material!”.
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