Driving business value is of immense interest to all chief procurement officers of successful businesses. Tim Tolhurst, chief purchasing officer of DSM, discusses seven key strategies that he uses to compel business value within his procurement organisation.
Tolhurst discusses the rising importance of sustainable profits, utilising suppliers to get more for less and the responsibility to provide competitive input costs to drive customer relationships.
These seven strategies contain key concepts to aid richer relationships with suppliers and to drive an agile procurement organisation.
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