This article explores the evolving role of procurement from a traditional cost-containment function to a strategic value driver within the enterprise. Aimed at procurement executives, it examines how modern organizations are leveraging procurement to fuel innovation, enable ESG goals, manage supply chain risks, and accelerate digital transformation. Drawing on global case studies and industry data, the article highlights the leadership skills, technologies, and partnerships required to elevate procurement’s impact. It ultimately argues that the most competitive companies treat procurement not as overhead, but as a catalyst for growth and resilience.

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