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.
Latest NewsThird Party Risk: Too Close for Comfort The State of the DC Voice Market Commtrex and Rockwood Steel study addresses operations gaps in freight railroad sector Behind the Koerber Group/HighJump acquisition Behind the Koerber Group/HighJump acquisition More News
Latest ResourceThird 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.
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
Subscribe to Supply Chain Management Review Magazine!Subscribe today. Don't Miss Out!
Get in-depth coverage from industry experts with proven techniques for cutting supply chain costs and case studies in supply chain best practices.
Start Your Subscription Today!
View More From this Issue