The traditional view of procurement focuses on cost savings through effective sourcing and contract negotiation, which are central to fulfilling organizational objectives without exceeding budget allocations. Beyond direct savings, however, the benefits of effective procurement can extend beyond functional boundaries.

This study, which surveyed over 400 procurement professionals, examines the Strategic Procurement Objectives crucial for advancing from preservation to prosperity:

• Strategies and choices that distinguish best-in-class procurement organizations
• Highlights the procurement priorities and plans post-downturn recovery