As organizations continue to source more goods and services externally, the impact of purchasing spend on enterprise profitability has grown. With the need to manage supply risk exposure robustly and develop supply chains better aligned to corporate agendas, procurement has evolved from the conventional focus on “costs savings” to incorporate added critical requirements like SPRM; innovation; supply reliability; and value enhancements, where ‘value’ exceeds financial benefits. It demands a new breed of procurement professionals who are business savvy and adept at nurturing productive stakeholder relationships – they must be ‘supply business managers’ rather than ‘purchasing geeks’.