When it comes to corporate cost reduction and procurement strategy, you have several things to consider. First, is getting the best price on your indirect and direct spend – easier said than done. Second, is making sure.
How can you streamline procurement? Can procurement even be effectively automated? These are questions everyone from CPOs to category specialists struggle with. Especially since you have to do more with fewer resources.
If you're a procurement professional and you're not already following Procurious, you should be. They continually produce excellent thought leadership content including blogs, videos, training, and discussion forums..
You probably have a tail spend problem. In other words, you are spending a lot more money and time managing the “extras” of your business than you realize. Any good procurement professional focuses on managing direct.