What is the true meaning of procurement value?

{{article.creator.firstname}} {{article.creator.lastname}}
Editor Coda
Jun 19, 2019

In most organizations, cost savings are a primary performance measure. 

Few executives and supply chain professionals would argue against that; spend visibility, good data and control are the basics of procurement, after all.

But value can be delivered far beyond savings. Procurement staff have an important role to play in contributing to their firm’s competitive advantage in areas as diverse as risk management, internal efficiencies and even staff retention. 

So, how can procurement leaders practically support the wider-value goals of your organization in these areas? Does it differ is you operate in the private vs. the public sector?

Download the ‘Spend Matters – Procurement Value, It’s Not All About Savings’ free white paper from Coupa for answers to these and many more questions

The report covers eight distinctive areas where procurement can deliver real value and identifies how, in each case, how teams can contribute to that wider organizational value. 

 

To read this article you have to be registered.

Become a member to access all content and / or download it

We value your privacy

We use cookies to enhance your browsing experience and analyze our traffic. By clicking 'Accept All' you consent to our use of cookies.