When creating a strategy for managing your company’s spend, procurement and sourcing decisions largely hinge on four factors: Time Resources Leverage Goals
Group Purchasing Organizations, or GPOs, save their members money by leveraging the collective purchases of all members to secure deeply discounted pricing from suppliers. Over the past 10 years of service, we have seen.
Everyone wants to get the most bang for their buck, especially when it’s the company’s buck. While every dollar may have the same inherent value, a dollar strategically spent can procure much more.
Remember our strategy for becoming a two-cookie company by maximizing your spend? Let’s shift perspective and pretend that you own the bakery and are looking to cut down on your spending. When looking at your expenses,.
Wouldn’t it be nice to have a procurement expert on your team, dedicated to creating and implementing a preemptive strategy that could reduce risk and save money? Of course, it would, and that is exactly what you get.
There are 16 pieces on a chess board. To get across the board in victory, you must utilize all the pieces in one cohesive strategy. You wouldn’t approach a match with only one chess piece and no plan, so why would you.