Why Procurement Must Become a Profit Centre

Send me a messageProcurement’s role is changing, or at least, it should be. In this episode of the Sustainable Supply Chain podcast, I sat down with Conrad Snover, CEO of ProcureAbility, to unpack why procurement still struggles to evolve beyond a transactional role, and what it’ll take to transform it into a true driver of value.We covered a lot, from why most procurement teams still don’t have a seat at the strategy table, to how utilities are coping with 2+ year lead times on transformers while trying to hit electrification targets. Conrad shared real-world examples of how procurement leaders can build resilience without stockpiling inventory, and why relationships, not just contracts, are the key to sustainable supply chains.We also talked about the path from tactical to strategic to profit-generating procurement, how digital tools (including AI) are shifting the playing field, and the operational basics that still hold too many teams back.If you’re leading supply chain or sustainability efforts, and you’ve ever been frustrated by the inertia of outdated procurement practices, this episode is well worth your time.🎧 Listen now to learn:Why procurement needs to earn strategic influence, not demand itHow to balance cost efficiency with supplier reliability and sustainabilityWhat electrification means for supply chain resilience in utilities and beyondSubscribe, share, and drop me a line with your thoughts.Support the showPodcast supportersI'd like to sincerely thank this podcast's generous Subscribers:Alicia FaragKieran OgnevGary LynchAnd remember you too can become a Resilient Supply Chain+ subscriber  - it is really easy and hugely important as it will enable me to continue to create more excellent episodes like this one and give you access to bonus episodes of topical, timely supply chain resilience analysis.🎤 Looking for a keynote speaker on supply chain resilience, AI, and sustainability?I help leaders understand the forces reshaping global supply chains, from geopolitical disruption and climate risk to AI and real-time decision-making. Download my Speaker Pack: https://tinyurl.com/spkrpckFinallyIf you have any comments/suggestions or questions for the podcast - feel free to just send me a direct message on LinkedIn, or send me a message using this link.If you liked this show, please don't forget to rate and/or review it. It makes a big difference to help new people discover it. Thanks for listening.