What’s Inside

“Procurement is pivotal in driving outcomes for customers, suppliers, and shareholders. The time to build procurement teams that can deliver that value is now.””

How is your procurement team evolving beyond cost-cutting? What capabilities should you be considering when looking ahead to the future of supply chain procurement? Do you have the right practices in place to succeed as an advanced supply chain organization?

This University of Tennessee white paper takes a deep dive into the current state of procurement and then delivers an in-depth guide for transforming and future-proofing procurement teams into centers of strategic (and profitable) value.

Drawing on research with leading companies, this report identifies three foundational capabilities as essential pillars for building advanced supply chain procurement. These capabilities help teams shift from transactional tasks to driving innovation, growth, and resilience.

This paper also outlines five opportunity areas where procurement teams can start incorporating future-focused practices, as well as detailed case studies illustrating how leading organizations have adopted these approaches to enhance agility and create competitive differentiation.

For supply chain professionals looking to future-proof their procurement team, this report offers a practical framework to develop the talent, technology, and partnerships necessary to navigate complexity, deliver total customer value, and build an advanced supply chain that thrives.

Download to explore:

• The current state of procurement and why traditional approaches are failing
• A framework outlining three foundational capabilities every procurement team must build now  
• Five key opportunity areas for transformation, including ESG and indirect spend optimization
• • Actionable strategies to integrate advanced supply chain best practices 
• Real-world examples from companies pioneering the future of procurement   
• A comprehensive list of future-oriented procurement capabilities 
• Recommendations for aligning procurement with broader business goals and customer outcomes 

For more in-depth, industry-focused white papers from the Global Supply Chain Institute (GSCI) at the University of Tennessee, Knoxville, visit this web page. Recent papers produced by the Advanced Supply Chain Collaborative, an initiative of GSCI, engage industry experts and UT faculty to explore and report on advanced concepts in supply chain management and innovation, including supply chain agility, last-mile and reverse logistics, and more.

Who This White Paper is Primarily For: Supply Chain Managers, Supply Chain Planners, Corporate CEOs, Supply Chain Professionals, Chief Supply Chain Officers, Chief Procurement Officers, Supply Chain Leaders, and Supply Chain Students..