Procurement Transformation: Shifting From a Cost Center to a Value-added Center of Profit

According to Omid Ghamami, CEO, PSCM Institute, the number one issue facing procurement today is that it is organizationally structured, funded, and perceived as a cost center.Anyone in procurement knows that the function achieves cost savings. That is, in effect, its purpose. However, those savings go back to the business unit. And it simply gets spent again.In this 30-minute interview, Omid Gihamami will walk attendees through a proposed new structure, where costs savings to back to the COO, and are instead used for true contributions or corporate initiatives.Join us to listen in on Omid's thoughts on revolutionizing the procurement space, and ask questions!