In today’s
challenging environment a company’s success is determined by its ability
to utilize all the assets at its disposal. One asset often neglected by
the boardroom is supplier expenditure, yet most organizations spend at
least half their costs with their supplier – often for business-critical
goods and services.
Effective
procurement delivers rich rewards where P&L impact is relatively
painless and immediate, benefit/cost ratios of 10 to 1 are realistic
ambitions, in-year payback commonplace and top-line growth and cost
reduction are both achievable.
This
book is for executives who recognize this opportunity and as such
covers all aspects of strategic procurement, including: the role of both
the top team and the organization as a whole in procurement;
understanding the importance of procurement in delivering your customer
value proposition; optimizing supply chains; reducing cost and creating
value; making yourself important to the suppliers you need; sustaining
procurement improvement and keeping it on the business agenda.
Showing you how to cut costs while improving your business and the importance of effective supplier relationships, Strategic Procurement offers real understanding of the true worth of procurement in the boardroom.