When challenges arise, there’s no time for complacency. Quick wins in procurement can provide immediate value and set the stage for long-term success.
Consider these strategies to unlock potential and improve outcomes:
👉 Engage Experts: Bring in specialist expertise to identify and deliver actionable opportunities quickly.
👉Benchmarking: Compare internal versus external performance to uncover potential price improvements.
👉Consolidate and Rationalise: Standardise across the business to lower-cost options and reduce variation.
👉Optimise Contracts: Ensure contract compliance while eliminating rogue spending.
👉Enhance Controls: Remove non-contracted goods from purchasing catalogues to streamline procurement.
👉Leverage Data: Provide detailed spend reporting by business unit to align behaviours with objectives.
Balancing urgent needs with strategic objectives is the key to sustained growth. The right approach today could unlock invaluable opportunities for tomorrow.
🔑 Unlock these business opportunities now.
Comments