BEST BUY
Measurable results and strategic impact Best Buy’ s procurement transformation has delivered impressive quantifiable results, with Anna helping to double procurement’ s financial contributions within the first year of the Propel programme.
“ What we delivered to the enterprise doubled during the initial couple of years and we’ re keeping that momentum going,” says Anna.“ It’ s been sustained by the transformation.”
However, the strategic impact extends far beyond financial metrics. The transformation has fundamentally changed how the procurement function is perceived within the organisation, creating deeper partnerships with business stakeholders and enabling procurement to influence strategic decisions.
The cultural shift has opened new opportunities for procurement to contribute.
“ Stakeholders begin to reach out differently,” Anna explains.“ They begin to ask different questions, which allows us, in turn, to insert ourselves into the most critical moments of opportunity.
“ The partnership elevated us to a different level, unlocking opportunities and literally unlocking rooms for us. We began being invited into business strategy sessions and long-term planning sessions – now that is a significant pivot from the reactive role that we once played.”
Expanding beyond traditional procurement boundaries Perhaps the most significant indicator of procurement’ s elevated status is that it has been asked to expand beyond its traditional remit. bestbuy. com 13