X
Feedback
Man at Window

Top Insights for the
World's Leading Executives

Procurement & Operations

Executives are under pressure to create immediate impact for the business, yet today's fast-paced, highly collaborative environment actually slows everything down.

As companies recognize the need to establish an emotional connection to the workplace to increase employee productivity, many are rethinking their workplace design to remain both efficient and innovative. At the same time, procurement leaders have to refocus their energy to teach their staff the right skills they need to be more strategic in order to achieve business goals and objectives.

Situation

Heads of CRE are contending with workforce shifts, which has called into question how the workplace fits employee needs.

Insight

Building an emotional connection to the workplace is a more powerful driver of employee outcomes than only matching design to satisfy work execution needs. Creating a workplace identity effectively establishes staff's emotional connection to the workplace.

Potential

Employees in organizations with a strong workplace identity have more than double the emotional connection to the workplace than those who do not. Companies that meet employees' emotional needs generate a maximum impact of 26% on productivity and 9% on retention.

Situation

CPOs need staff to become more strategic as categories mature and traditional techniques yield diminishing returns.

Insight

To increase procurement staff's strategic contributions to the business, stop looking for superheroes and establish teams with complementary skills.

Potential

Strategic procurement staff generate nearly six times as much savings as those who are not strategic (US$4,600,000 versus US$800,000 on average, respectively). Staff who are expected to be strategic, but aren’t, result in US$41 million in missed savings and US$1 million in suboptimal use of head count budget.


Contact

+1-866-913-2632