Why is having a procurement strategy so important? The key benefits are that it helps you reduce costs and deliver greater sourcing value. Which when you’re a procurement professional, is always a top of mind goal. But.
If you've ever wondered if joining a Group Purchasing Organization could help your business, check out this SlideShare. It explains how partnering with a GPO increases your savings and gets you better contracts.
If you’re reading this, your team is likely taking the plunge and investing in procurement software. You might also be the primary advocate, and you’re looking to build a business case for a new procurement management.
“84% of procurement departments believe digitalization is the next step for their industry.” However, only “32% has created a plan for getting there” according to a recent Hackett Group report. If you’re reading this,.
Being a leader in strategic sourcing, means you're thinking not only about where your organization is, but where it should be. It means you're always keeping an eye out for the best procurement thought leadership,.
You have a problem. A big problem. You’re a mid-sized business (aka anything smaller than a Fortune 500 company). As such, you need to make a variety of sourcing decisions. You have indirect spend and direct spend to.
No matter how good you are at your job, there comes the point where you have to wonder if outside perspective could help. After all, you’re only human. But how can you be sure if procurement consulting will actually.
Is negotiating directly with the supplier always the best procurement strategy? When you’re considering how to best manage your contracts, you have two goals. First, you want to work with the best vendors. Second, you.