??As a procurement professional, are you always looking to maximize value for the organization's spend?

?Spend-Analysis is a fundamental strategic technique with a cost-slashing power. Recognizing various spends is essential to utilize the power of procurement spend-analysis as it provides reliable data for deciding strategies to realize short and long-term savings. 

??Here are six types of spend analysis that everybody in your procurement team must look for to optimize every dollar spent by your organization.



Be the first to answer.

Answer this question

I am trying to understand and gather real life instances of procurement is moving from a transactional, cost savings-focused function, to a real value adding strategic partner to the business.

We in procurement talk about this transition a lot and I've spoken to some CPOs where this is actually happening. But my gut feeling is that there's a lot more talk than action. 

I know of one company that has ditched cost savings completely as an annual target for its CMs preferring instead to measure their value added. So my question is how widespread is this thinking? Are cost savings still themain measurement of procurement value?

Answered by 6 members

Answer this question

Do you understand how your company’s income statement and business value add (BVA) interlink with Procurement?

Answered by 2 members

Answer this question

Mua viet

Be the first to answer.

Answer this question

Finance is often sceptical about indirect procurement savings. They just don't believe the numbers are real. Why do you think this is?

Answered by 4 members

Answer this question

Load More