This report by Everest Global explores the concept of procurement transformation and its potential to drive performance and results beyond just cost savings. It highlights the importance of procurement as a key influencer of operational costs and the bottom line for any enterprise. The report suggests that procurement functions are now moving beyond just optimizing direct and indirect spend, and are instead focusing on classifying spend as core and non-core in order to drive favorable business outcomes. The role of the CPO is also expanding to include driving greater impact beyond cost savings.
