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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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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