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.

Subscriber: Log Out

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

SC
MR

Latest Podcast
Talking Supply Chain: Lexmark’s missing piece
In need of supply chain visibility, Lexmark looked within and built a tool that is helping it identify potential issues before they occur. Billy…
Listen in

Subscribe

Supply Chain Management Review delivers the best industry content.
Subscribe today and get full access to all of Supply Chain Management Review’s exclusive content, email newsletters, premium resources and in-depth, comprehensive feature articles written by the industry's top experts on the subjects that matter most to supply chain professionals.
×

Search

Search

Sourcing & Procurement

Inventory Management Risk Management Global Trade Ports & Shipping

Business Management

Supply Chain TMS WMS 3PL Government & Regulation Sustainability Finance

Software & Technology

Artificial Intelligence Automation Cloud IoT Robotics Software

The Academy

Executive Education Associations Institutions Universities & Colleges

Resources

Podcasts Webcasts Companies Visionaries White Papers Special Reports Premiums Magazine Archive

Subscribe

SCMR Magazine Newsletters Magazine Archives Customer Service

Press Releases

Press Releases Submit Press Release