Original Source: Bain and Company
"Leaders are turning to a new transformational approach for full-potential savings.
The $20 billion industrial company was big and far-reaching—a global market leader with a presence in more than 60 countries and aggressive financial targets. To reach those targets, top management turned to procurement to generate savings. But when executives took stock of the existing procurement organization and capabilities, the massive challenge they faced came into sharp and discouraging focus.