Procurement and Legal pursue a common goal of improving the overall health of their company. However, their specific contribution to company objectives is different and often drives them down divergent paths. Procurement has traditionally been focused on bottom line cost savings and mitigating supply risk, while Legal has sought to protect business assets and to ensure regulatory and jurisdictional compliance. This paper outlines today's environment for Procurement and Legal relationships and the direction of change.\r
- Pressure from the Market\r
- Looking beyond today's processes\r
- Markets are maturing\r
- A portfolio of agreements\r
- Building confidence\r
- A key ingredient; technology\r
The report proposes a way forward for collaboration between the two disciplines.
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