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Reduce Procurement Costs by Taking a Wider View

Supply chain organizations are searching for ways to reduce procurement cost. APQC’s research shows that organizations have the largest group of their procurement full time employees assigned to ordering materials and services.

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Latest Resource

Third Party Risk: Too Close for Comfort
You’ve got a handle on many of the potential supply chain "disrupters" that can paralyze your business. But the real risk is embedded in areas you may have overlooked.
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Taking a holist view of procurement can help lead to efficiency. There may be hidden opportunities that can drive procurement costs down, such as more strategic allocation of resources to more value added activities.

The info-graphic below presents where resources are allocated for procurement activities and how to reduce costs.

To read the full research report please click here


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Latest Whitepaper
Third Party Risk: Too Close for Comfort
You’ve got a handle on many of the potential supply chain "disrupters" that can paralyze your business. But the real risk is embedded in areas you may have overlooked.
Download Today!
From the September-October 2017
Additive manufacturing and 3D printing promise to simplify manufacturing, reduce inventories, and streamline operations. But, to determine when and how to apply additive manufacturing, organizations need a decision model that assesses it’s market strategy, supply chain performance, and complexity.
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Latest Webcast
The Perfect Formula for Determining the Right Amount of Inventory
This webcast explains how the science of theoretical minimums, a new approach to inventory optimization, provides a simple and elegant way to reduce cost and increase customer service levels by monetizing time delays across the extended supply chain.
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EDITORS' PICKS
Trade Trends Report Confirms E-Commerce Urgency
Because trade policies remain fluid, shippers must have the information needed to be flexible and...
Supply Chain Digitization of Ocean Cargo Gateways Examined by chainPORT
The chainPORT initiative is led by the Ports of Los Angeles and Hamburg Port Authority in Germany,...

Procurement Still Falls Behind in Digitized Supply Chains, Says Accenture
“The digital revolution has largely overlooked procurement,” says Accenture.
Expanded Panama Canal May Lead to Reconfigured Supply Chains
The impact of the expanded Panama Canal was also apparent in many other ports along the U.S. East...