More so than other industries, procurement in automotive has an unprecedented opportunity to reposition itself in the organization as a provider of business insight and foresight. Procurement as we know it today will cease to exist. That is the extent of the forces that have unleashed fundamental changes in both the function and the automotive industry.
We believe procurement has reached an endgame. It is in a stage of transformation that will change procurement fundamentally, therefore we say “endgame”. That endgame is the culmination of many simultaneous developments. As a result, procurement has a unique window of opportunity to reposition itself and redefine the value it adds for the business, e.g. by taking on an increasingly entrepreneurial role, acting as a network facilitator and playing a fundamentally new and important part in innovation management.