Which is the right level of purchasing for your company?
Effective purchasing, aligned with the company's key needs, contributes to long-term goals such as profitability, competitive advantage and growth in company value.
Which is the right level of purchasing for your company?
📌 Effective purchasing, aligned with a company's key needs, contributes to long-term goals such as profitability, competitive advantage and growth in company value.
📌The success of companies like Dell, Wal-Mart or Honda is partly based on well-managed purchasing and supply chain management.
📌The increasing share of externally purchased components and services, which can account for up to 80% of costs, increases the complexity and riskiness of supply chains.
📌However, many organizations still do not see purchasing as strategic, which leads to several mistakes, such as inappropriate centralization, poor purchasing strategy, weak purchasing processes and lack of purchasing knowledge.
📈 To improve, companies should gather a detailed overview of all purchases, analyze purchasing categories and strategies, and determine which solution delivers the greatest economic benefit.
📎 A continuous initiative to increase the added value of purchasing is also important.
🔑 Strategic buying that anticipates future profitable areas and innovative approaches is key to sustained growth in company value and shareholder returns.
One of the biggest concerns when implementing a new procurement system is: “Everything looks great, but how are we going to implement Promitea in our company? Our buyers don’t know how to do it, our IT team is already overloaded, and we won’t get any additional budget.”
Let’s be honest with each other and stop making promises we can’t keep. No procurement software, by itself, will magically lower prices, improve quality, or secure better delivery terms.
It’s important to acknowledge honestly that mistakes can happen to anyone — an experienced buyer, a new colleague, a manager, or a supplier.
How many organizations still consider price the biggest risk in procurement — while far more costly issues slip through right under their noses?
Return on investment within the first year of project implementation.*
*The ROI estimate is based on real data gathered from our clients and their successfully completed projects.
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