Procurement’s Cost Savings Playbook: An Executive’s Guide to Sourcing Savings

In the ever-changing economic landscape, where inflation and other headwinds pose complex challenges, procurement teams face constant pressure to deliver commodity cost savings and fortify the organization’s bottom line.

Amidst such volatility, sourcing holds the key to unlocking substantial value. But how can sourcing professionals maximize their impact? Procurement Cost Savings Strategies Playbook: An Executive’s Guide to Sourcing Savings is your ultimate resource for harnessing the power of strategic sourcing and maximizing cost savings for your organization.

This playbook covers the following topics:

• Understand how procurement can play a critical role in saving money and protecting margins in response to economic shifts.
• 4 steps to identify and execute procurement cost savings strategies in your sourcing function.
• Methods for tracking, reporting, and getting credit for sourcing savings by finance.
• Mitigate and manage risks that may affect these savings.