Energy Magazine August 2018 | Page 13

PROCUREMENT TO THE FORE
EUROPE
13 rapidly and we ’ re seeing developments like electric cars and smart homes ,” Piepel adds .
‘ Innogy CPO Ulrich Piepel Energy ’
PROCUREMENT TO THE FORE
“ Let me ask you a question . If you had € 50,000 to invest , would you give that to someone who isn ’ t capable , and lacks a degree or expertise in spending or investing money ?” Of course not – but Piepel argues that ’ s exactly what many companies are still doing when it comes to procurement .
“ Decades ago , procurement wasn ’ t seen as an important function . Perhaps in retail it was known that making the right price point was vital for
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