We’re proud to share our best thinking on technology with a new excerpt from PROFIT FROM PROCUREMENT: Add 30% to Your Bottom Line by Breaking Down Silos, which was written by three Efficio leaders and published in April 2021 by US publisher, Wiley. You'll learn practical strategies and examples from their work with the world’s top organizations to help you unleash your company’s profit potential.

Chapter 10: TECHNOLOGY: Investing in and adopting the right tools

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A Procurement Revolution That Hasn’t Happened

The world we inhabit in the 2020s is so vastly different to that of 10 or 20 years ago, even allowing for a global pandemic. And there is one major cause of that. Technology. It has such a profound impact on the way we go about our personal lives, in particular.

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You can also read Chapter 1: WHY PROCUREMENT AND WHY NOW? and get more information about the book.

About the authors

Alex Klein

COO and Co-founder of Efficio, the world’s leading Procurement consultancy. He works with large blue-chip corporations and mid-sized PE-owned companies to help them execute global Procurement transformation programs and has over 25 years’ experience in the industry.

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Simon Whatson

Vice President at Efficio’s London HQ. He supports companies across sectors to augment Procurement’s value proposition through multi-year programs.He has led industry thought leadership reports on technology and talent and speaks at global conferences on the topics.

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Jose Oliveira

Vice President at Efficio’s New York office. He supports companies and their investors by embedding Procurement as a core business function, establishing cross-functional engagement and stronger commitment to change management.

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PROFIT FROM PROCUREMENT: Add 30% to Your Bottom Line by Breaking Down Silos highlights the shortcomings of a traditional approach to procurement and demonstrates how to rebuild it to be a sought-after partner in the executive suite, rather than a neglected back-office function. 

Perfect for ambitious CPOs but equally relevant to CEOs, COOs, and CFO, this book should sit on the bookshelf of any professional looking to drive a major impact through procurement.

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