Page 148

EDGEWELL PERSONAL CARE

With the motto of ‘challenge to win’, Edgewell Personal Care has been on a journey to transform its procurement function to enable a consumer-centric, sustainable future. VP Global Procurement Nirav Mehta tells us more…

T 148

he procurement function has evolved from purely transactional – such as managing purchase orders, pay-

ments and invoices – to a strategic role across organizations. Shifting its value proposition to become an integral part of a business, procurement is expected to deliver a significant impact on bottom line margins using innovative sourcing strategies and cost saving levers. The value proposition is evolving even further, where procurement has sought to impact the top line of an organization by delivering supplier-enabled innovations, forming an integral part of corporate social responsibility (CSR) and sustainability objectives, mitigating all kinds of external risk to supply continuity, finances or even brand equity. A clear example of that is how businesses, presently faced with political uncertainty, government regulations and ongoing trade MARCH 2019