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’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,.
One of the go-to fixes is moving to centralized procurement. Meaning one location retains control over most, if not all, of the organization's purchasing decisions. The problem with decentralized procurement is each.