How to bloom in a business environment.
At a time when most companies are coming under ever increasing pressure to deliver value to shareholders, the economic downturn as well as competition in the marketplace has done its very best to make the life of a procurement professional about as miserable as the British weather!
Now, with spring in the air, Procurement should be warming towards strategic sourcing as the key to unlocking value to your organisations, since every pound you save will be a pound that goes straight to the bottom line, offering a real ray of sunshine to both Shareholders and Finance Directors alike.
As with all successful business strategies, the key to delivering a procurement sourcing strategy lies in the preparation, time and effort taken to put the plan in place. From gaining a deep understanding of the goods or services being procured, through to developing the sourcing strategy and finally the sourcing process of interaction with the marketplace. By following a structured sourcing strategy, forward thinking companies can then blossom into true market leaders.
Procurement Specialists can help you to benefit from undertaking strategic sourcing activity, contact us to start strengthening your companies roots.
Here's to a sunny procurement summer!
Written by David Kendall
Published by Monk Chipman