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The authors assess the skill-sets, risks, technology, processes and strategies of the procurement profession and organizations and share real insights into the evolutionary paths and challenges procurement practitioners are likely to face in this rapidly changing industry. The unprepared and those failing to adapt to the future may find themselves unemployed. Procurement has been a rapidly changing profession over the last 20 years striving for success and distinction in a volatile and highly competitive business climate. The ability to productively anticipate changing conditions...

This reference provides procurement professionals with the process, skills, and resources to develop a supply market intelligence program that will deliver value to the organization as a whole. The authors clearly explain each of the concepts introduced and then provide the background and steps required to make their execution possible.