Reducing Costs And Achieving Savings
One of the main aims of procurement professionals is to limit the costs and attain savings. However, there are instances when the coordination between different channels of communication is fragile and the consequences are unfortunate- exceeding costs which ultimately lead to low savings. The purpose is to decrease procurement costs, improve efficiency and monitor compliance.
Whitepaper“Smart spend analysis: A bird’s eye view” is a whitepaper. Solution: This paper talks about elements of procurement- Aggressive cost cutting and cost optimization and smart spending, Page 4 and about the elements of spend analysis-descriptive, predictive and prescriptive. Page 8,9 and 10.
Whitepaper“4 ways to boost procurement ROI” is a whitepaper. This paper talks about four key areas organizations could focus to boost ROI.