The Importance of Crafting Effective Procurement Strategies
Strong procurement strategies matter because they shape how an organisation controls costs, manages supply risks and builds long-term resilience.
When procurement is treated as a strategic function rather than a transactional one, it supports growth and stability across the business. Clear strategies help strengthen supplier partnerships, improve compliance and encourage sustainable choices.
In a global market defined by uncertainty, effective procurement provides the agility and efficiency needed to maintain competitiveness and deliver consistent value.
“It all starts with a strategy,” said Javier Carnevali, Chief Procurement Officer at Grupo Herdez, during the Digital Procurement Strategies Panel at Procurement & Supply Chain LIVE Chicago 2025.
"It’s important to involve all stakeholders and define the goals we want to achieve.”
The Procurement Strategies Panel will take place on Day 1 of Procurement & Supply Chain LIVE London 2025, with leaders representing Coupa, Deliveroo, Diebold Nixdorf and Lufthansa taking to the stage.
To secure your tickets and rub shoulders with procurement's finest, click here.
Driving business growth
Effective procurement strategies are crucial for organisations looking to stay competitive in what is a rapidly-changing market.
Sean Wu, former SVP Manufacturing and Supply Chain at 3M, spoke during Procurement & Supply Chain LIVE Singapore 2025 about the need for procurement leaders to develop strategies that not only enhance efficiency but also drive business growth.
He highlighted that procurement teams often focus too narrowly on savings and operational metrics, without engaging business stakeholders.
"Sometimes procurement teams miss a chance to reach out to the business to understand what they need and how they see procurement helping them grow," he explained.
Sean went on to stress that sustainability should form a foundational component of modern-day procurement and supply chain strategies.
"It has to be part of your procurement or supply chain strategy – it’s not just a checkbox," he stated.
Exploring procurement strategies
At Procurement & Supply Chain LIVE London 2025, four inspiring leaders will lift the lid on their own companies' procurement strategies and offer advice to their fellow professionals.
They are:
- Tricia Miller, Global Procurement Executive at Coupa
- Rob Turner, Chief Procurement Officer at Deliveroo
- Milind Tailor, Global Head, Resale Products & Services Procurement at Diebold Nixdorf
- Ellen Gärtner, Chief Procurement Officer at Lufthansa
About Procurement & Supply Chain LIVE London 2025
Procurement & Supply Chain LIVE is returning to the Business Design Centre in London for its annual Global Summit.
This unmissable event is aimed at facilitating knowledge sharing and connections among the world's procurement and supply chain leaders.
Those attending can enjoy inspiring keynotes, engaging panels and exclusive workshops covering a diverse range of topics, including supply chain transformation, procurement technology, sustainability and ESG, AI, finance, logistics and supplier relationship management.
To secure your tickets, click here.
