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3 Procurement Strategies to Reduce Enterprise Costs (herhaling)



Geplaatst op: 10 sep. 2019

Procurement organizations are changing how they operate by ditching complex tools and investing in sourcing platforms that streamline and expand sourcing processes.

In 2014, 69 percent of Chief Procurement Officers in a Deloitte survey stated that reducing costs was their number one priority over the following 12 months. Fast forward to 2018, and the same survey showed this number had increased to 78 percent, an indication of the growing pressure for procurement teams to reduce costs within their business. In today’s sourcing and procurement environment, CPOs are looking for the best solutions to understand where and how much they are spending, how to set goals focused on savings and how to manage sourcing to reach those goals.

In order to achieve these goals while reducing costs, procurement organizations are changing how they operate by ditching complex tools and investing in sourcing platforms that streamline and expand sourcing processes. These tools should encompass accurate analytics, dynamic negotiations, reverse auctions, collaboration, and transparency that unlock cost savings and additional strategic benefits.

1) Dynamic Negotiations and Reverse Auctions lend savings

Procurement teams constantly have their eye on new ways to make a positive bottom-line impact across the enterprise. But it hasn’t always been easy to uncover new means of strategic purchasing, particularly for volume and ongoing procurements. With Dynamic Negotiations, procurement teams can balance price, quality and other essential factors to simplify the process and reduce the cycle time to a successful business outcome. In fact, a global reverse ...

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