The 17 Planets of Value for Procurement: Trend Talk by Craig Lardner

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Craig Lardner, Former CPO of The BOC Group plc and President of CIPS, talks from experience about the changing field of modern procurement.

Value has been redefined and re-scoped and it is bigger and wider than ever before. Modern procurement goes way beyond just getting a good price. In fact, there are 17 planets of value. 

In this Trend Talk, Craig explains the difference between price, cost, and value, and shares examples to illustrate what’s achievable on the wider front of ‘value’. He identifies the implications to the customer-supplier relationship, and describes what the new age procurement professional looks like.