News and content for procurement professionals

In this article, we look at five steps to identify and prioritize cost-saving measures that increase the likelihood of success.

The procurement function is constantly under pressure to reduce costs and realize savings throughout the business.

One of the challenges in procurement is consolidating and harmonizing available data to make more fact-based decisions.

Ultimately, spend analysis is about gaining the necessary insights to drive fact-based, smarter and sustainable procurement decisions.

Spend often represents a significant proportion of the costs for most companies. Our experience indicates that there is a large untapped potential in procurement, but also several challenges in how to realize it.

A solid procurement strategy is important for the business and the procurement function. However, the process of creating a successful strategy is not always straightforward.