In the face of falling demand, increasing competition from overseas and raw material prices creeping upwards, executives look for ways to reduce the cost base without reducing quality, and retain or increase margins. Inevitably, the Chief Procurement Officer (CPO) is an easy target. Successfully addressing the sourcing and procurement of indirect products and services can contribute a material amount to achieving those executive goals of managing cost and protecting margins. We’ll discuss, among other things; spend creep and cost containment, visibility of realized savings, compliance to contracts, effective utilization of sourcing, and applying sustainable sourcing practices.

Contributors: Xchanging
Categories: Whitepaper
SRC Type: Realization, Sourcing, Strategy, Talent Management, Talent Optimization