If you’re a business owner or manager, you may already be aware of the importance of procurement.
However, what you may not know is that procurement is often a deeply misunderstood business activity, resulting in a lack of recognition and glamour for the Procurement function in many companies.
The consequences of this can be potentially existential, as CEOs spend almost no time thinking about or actively engaging with how their companies spend over half of their budgets.
In this whitepaper, we’ll delve deeper into the critical role of procurement, how it affects a company’s operations, and why effective procurement is crucial for businesses and organizations of all sizes and types.
We’ll also explore how putting suppliers at the heart of your organization can help you extract maximum value from those relationships and prepare for the challenges ahead.
Download our full publication
Please enter your email address to download this file.
"Procurement is the process of acquiring goods, services, or works from external sources. It involves identifying the need for a particular product or service, selecting and evaluating potential vendors, negotiating contracts, and managing the delivery of goods or services."