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.
How many times have you looked for a quote that “must be somewhere,” or lost track of who’s supposed to approve the tender?
Implementing e-procurement doesn’t mean years of work or chaos in your company. With a modern cloud-based solution, you can start seeing the first results within just a few weeks – without any complex IT infrastructure.
We hear this question often – and we completely understand why. Many companies still rely on emails and Excel spreadsheets. It works, but only until the purchasing agenda starts to grow and a clear spreadsheet turns into chaos.
Only a few owners and directors have truly deep experience in procurement—and even fewer with modern electronic tools, which are already standard in companies that manage procurement professionally.
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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