{"id":226554,"date":"2024-07-15T01:29:57","date_gmt":"2024-07-15T01:29:57","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/?p=226554"},"modified":"2024-07-15T01:29:57","modified_gmt":"2024-07-15T01:29:57","slug":"how-does-procurement-create-value-to-the-supply-chain-2","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/","title":{"rendered":"How does procurement create value to the supply chain?"},"content":{"rendered":"<p>Procurement plays a significant role in creating value within the supply chain. By effectively managing the sourcing and acquisition of goods and services, procurement professionals contribute to the overall efficiency, profitability, and sustainability of the supply chain. Let&#8217;s explore the ways in which procurement adds value to the supply chain ecosystem.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#1_Optimized_Cost_Management\" title=\"1. Optimized Cost Management\">1. Optimized Cost Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#2_Supplier_Relationship_Management\" title=\"2. Supplier Relationship Management\">2. Supplier Relationship Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#3_Risk_Mitigation\" title=\"3. Risk Mitigation\">3. Risk Mitigation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#4_Supplier_Qualification_and_Performance_Monitoring\" title=\"4. Supplier Qualification and Performance Monitoring\">4. Supplier Qualification and Performance Monitoring<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#5_Enhanced_Product_Quality\" title=\"5. Enhanced Product Quality\">5. Enhanced Product Quality<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#6_Improved_Inventory_Management\" title=\"6. Improved Inventory Management\">6. Improved Inventory Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#7_Supply_Chain_Visibility\" title=\"7. Supply Chain Visibility\">7. Supply Chain Visibility<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#8_Sustainable_and_Ethical_Sourcing\" title=\"8. Sustainable and Ethical Sourcing\">8. Sustainable and Ethical Sourcing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#9_Innovation_and_Value_Creation\" title=\"9. Innovation and Value Creation\">9. Innovation and Value Creation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#10_Streamlined_Processes\" title=\"10. Streamlined Processes\">10. Streamlined Processes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#11_Compliance_and_Regulatory_Adherence\" title=\"11. Compliance and Regulatory Adherence\">11. Compliance and Regulatory Adherence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#12_Continuous_Improvement\" title=\"12. Continuous Improvement\">12. Continuous Improvement<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#FAQs\" title=\"FAQs:\">FAQs:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#1_What_is_the_role_of_procurement_in_the_supply_chain\" title=\"1. What is the role of procurement in the supply chain?\">1. What is the role of procurement in the supply chain?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#2_How_does_procurement_impact_cost_management\" title=\"2. How does procurement impact cost management?\">2. How does procurement impact cost management?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#3_What_are_the_benefits_of_strong_supplier_relationships\" title=\"3. What are the benefits of strong supplier relationships?\">3. What are the benefits of strong supplier relationships?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#4_How_does_procurement_mitigate_risks_within_the_supply_chain\" title=\"4. How does procurement mitigate risks within the supply chain?\">4. How does procurement mitigate risks within the supply chain?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#5_How_does_procurement_contribute_to_product_quality\" title=\"5. How does procurement contribute to product quality?\">5. How does procurement contribute to product quality?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#6_What_is_the_role_of_procurement_in_inventory_management\" title=\"6. What is the role of procurement in inventory management?\">6. What is the role of procurement in inventory management?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#7_What_does_supply_chain_visibility_mean\" title=\"7. What does supply chain visibility mean?\">7. What does supply chain visibility mean?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#8_How_can_procurement_contribute_to_sustainability\" title=\"8. How can procurement contribute to sustainability?\">8. How can procurement contribute to sustainability?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#9_Does_procurement_support_innovation\" title=\"9. Does procurement support innovation?\">9. Does procurement support innovation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#10_How_does_procurement_ensure_compliance_and_regulatory_adherence\" title=\"10. How does procurement ensure compliance and regulatory adherence?\">10. How does procurement ensure compliance and regulatory adherence?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#11_Why_is_process_optimization_important_in_procurement\" title=\"11. Why is process optimization important in procurement?\">11. Why is process optimization important in procurement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#12_How_does_procurement_contribute_to_continuous_improvement\" title=\"12. How does procurement contribute to continuous improvement?\">12. How does procurement contribute to continuous improvement?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_Optimized_Cost_Management\"><\/span>1. Optimized Cost Management<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Procurement professionals have the expertise to negotiate favorable deals with suppliers, driving cost savings for the organization. By leveraging their market knowledge and relationship-building skills, they can secure competitive pricing, volume discounts, and favorable contract terms, resulting in significant cost reductions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_Supplier_Relationship_Management\"><\/span>2. Supplier Relationship Management<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Strong supplier relationships are essential for a successful supply chain. Procurement professionals actively manage relationships with suppliers, ensuring open lines of communication, collaboration, and mutual understanding. This fosters trust and enables proactive problem-solving, leading to better quality products, timely deliveries, and improved overall performance.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_Risk_Mitigation\"><\/span>3. Risk Mitigation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Procurement is responsible for assessing and mitigating potential risks within the supply chain. By conducting thorough supplier due diligence, evaluating backup options, and implementing risk management strategies, procurement professionals protect the organization from disruptions, such as supply shortages, quality issues, or cost fluctuations.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"4_Supplier_Qualification_and_Performance_Monitoring\"><\/span>4. Supplier Qualification and Performance Monitoring<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Procurement teams assess and qualify suppliers based on various criteria, such as financial stability, manufacturing capabilities, and compliance with quality standards. Once qualified, ongoing performance monitoring ensures that suppliers meet expected standards, including on-time delivery, adherence to specifications, and continuous improvement, thereby increasing supply chain reliability.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"5_Enhanced_Product_Quality\"><\/span>5. Enhanced Product Quality<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Procurement professionals collaborate closely with suppliers to ensure the consistent delivery of high-quality goods and services. By setting clear quality requirements, conducting audits, and implementing quality control measures, procurement adds value to the supply chain by minimizing defects, product recalls, and customer dissatisfaction.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"6_Improved_Inventory_Management\"><\/span>6. Improved Inventory Management<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Efficient procurement practices contribute to streamlined inventory management. By optimizing order quantities, lead times, and delivery schedules, procurement professionals help prevent stockouts, excess inventory, and associated costs. This ensures the right products are available at the right time, minimizing disruptions and maximizing customer satisfaction.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"7_Supply_Chain_Visibility\"><\/span>7. Supply Chain Visibility<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Procurement activities generate valuable data and insights that improve overall supply chain visibility. By tracking key performance indicators, supplier performance, and market trends, procurement professionals contribute to better decision-making, demand forecasting, and inventory planning. This visibility enhances operational efficiency and reduces overall supply chain risks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"8_Sustainable_and_Ethical_Sourcing\"><\/span>8. Sustainable and Ethical Sourcing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Procurement can drive sustainable and ethical practices in the supply chain by selecting suppliers who adhere to environmental, social, and governance standards. By prioritizing suppliers with responsible sourcing practices, procurement professionals help create a positive brand image, reduce environmental impact, and mitigate reputational risks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"9_Innovation_and_Value_Creation\"><\/span>9. Innovation and Value Creation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Procurement is not limited to sourcing existing products but can also contribute to innovation and value creation. By actively engaging with suppliers, exploring new technologies, and identifying market trends, procurement professionals can bring innovative products, materials, and processes to the supply chain, driving competitive advantage and differentiation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"10_Streamlined_Processes\"><\/span>10. Streamlined Processes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Effective procurement practices eliminate unnecessary bottlenecks, delays, and redundancies in the supply chain. Through process optimization, automation, and cross-functional collaboration, procurement professionals enhance operational efficiency, reduce lead times, and improve overall productivity.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"11_Compliance_and_Regulatory_Adherence\"><\/span>11. Compliance and Regulatory Adherence<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Procurement ensures compliance with relevant laws, regulations, and industry standards. By conducting thorough due diligence of suppliers&#8217; compliance practices, documentation, and certifications, procurement professionals minimize legal and reputational risks, ensuring a smooth and lawful supply chain operation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"12_Continuous_Improvement\"><\/span>12. Continuous Improvement<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Procurement professionals continuously assess and improve their own processes and practices, seeking opportunities for innovation, cost reduction, and increased efficiency. By implementing lean principles, embracing new technologies, and benchmarking against industry best practices, procurement adds ongoing value to the supply chain.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"1_What_is_the_role_of_procurement_in_the_supply_chain\"><\/span>1. What is the role of procurement in the supply chain?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Procurement is responsible for sourcing and acquiring the goods and services necessary for an organization&#8217;s operations, ensuring the smooth flow of materials within the supply chain.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_How_does_procurement_impact_cost_management\"><\/span>2. How does procurement impact cost management?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Procurement professionals negotiate favorable deals, secure competitive pricing, and achieve cost savings through volume discounts and efficient supplier management.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_What_are_the_benefits_of_strong_supplier_relationships\"><\/span>3. What are the benefits of strong supplier relationships?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Strong supplier relationships contribute to better quality products, timely deliveries, improved communication, and collaboration, leading to enhanced supply chain performance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_How_does_procurement_mitigate_risks_within_the_supply_chain\"><\/span>4. How does procurement mitigate risks within the supply chain?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Procurement assesses supplier risks, develops backup options, and implements risk management strategies to minimize disruptions, such as supply shortages, quality issues, or cost fluctuations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_How_does_procurement_contribute_to_product_quality\"><\/span>5. How does procurement contribute to product quality?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Procurement collaborates with suppliers to set quality requirements, conduct audits, and implement quality control measures, ensuring consistent delivery of high-quality goods and services.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_What_is_the_role_of_procurement_in_inventory_management\"><\/span>6. What is the role of procurement in inventory management?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Procurement optimizes order quantities, lead times, and delivery schedules, preventing stockouts and excess inventory, thus improving overall inventory management efficiency.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_What_does_supply_chain_visibility_mean\"><\/span>7. What does supply chain visibility mean?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Supply chain visibility refers to the ability to track and monitor key performance indicators, supplier performance, and market trends, enabling better decision-making and planning.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_How_can_procurement_contribute_to_sustainability\"><\/span>8. How can procurement contribute to sustainability?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Procurement professionals select suppliers with responsible sourcing practices, promoting sustainable and ethical practices within the supply chain.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Does_procurement_support_innovation\"><\/span>9. Does procurement support innovation?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes, procurement can drive innovation by engaging with suppliers, exploring new technologies, and identifying market trends to bring innovative products, materials, and processes to the supply chain.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_How_does_procurement_ensure_compliance_and_regulatory_adherence\"><\/span>10. How does procurement ensure compliance and regulatory adherence?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Procurement conducts due diligence of suppliers&#8217; compliance practices, documentation, and certifications, minimizing legal and reputational risks associated with non-compliance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Why_is_process_optimization_important_in_procurement\"><\/span>11. Why is process optimization important in procurement?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Process optimization in procurement eliminates bottlenecks, delays, and redundancies, enhancing operational efficiency, reducing lead times, and improving productivity.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_How_does_procurement_contribute_to_continuous_improvement\"><\/span>12. How does procurement contribute to continuous improvement?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Procurement professionals continuously assess and improve their practices, embracing lean principles, new technologies, and benchmarking against industry best practices to drive ongoing value within the supply chain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Procurement plays a significant role in creating value within the supply chain. By effectively managing the sourcing and acquisition of goods and services, procurement professionals contribute to the overall efficiency, profitability, and sustainability of the supply chain. Let&#8217;s explore the ways in which procurement adds value to the supply chain ecosystem. 1. Optimized Cost Management &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"How does procurement create value to the supply chain?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/how-does-procurement-create-value-to-the-supply-chain-2\/#more-226554\">Read more<span class=\"screen-reader-text\">How does procurement create value to the supply chain?<\/span><\/a><\/p>\n","protected":false},"author":57,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-226554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How does procurement create value to the supply chain?<\/title>\n<meta name=\"description\" content=\"Procurement plays a significant role in creating value within the supply chain. 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