Nutrition Business Journal
Moving from Bottom Line to Top

Moving from Bottom Line to Top

How procurement can drive innovation & accelerate new product launches

Purchasing has often been viewed as a purely transactional function, one that acquires goods and services and reconciles invoices. However, this function has transformed significantly over the last 30 years into a strategic group that owns four key areas of responsibility: Purchasing, Compliance, Strategic Sourcing, and Vendor Management. This organization is now more commonly referred to as “Procurement”—a more sophisticated title reflecting its more sophisticated sc

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