There is a middle ground between procurement efficiency and procurement effectiveness. You don’t have to choose between doing it well or doing it fast. When you apply better methods and tools, you can get higher effectiveness that correlates directly to efficiency.
Learn to identify the business partners who demonstrate effective discipline and allow them to continue with their sourcing activities, providing coaching and support when needed. Learn to improve the efficiency of high-impact staff and re-invest their time back into driving more ROI. Use efficiency to fund effectiveness.
In addition to increased savings and risk reduction, the business will see:
- Less time spent hammering disengaged partners through steps they find redundant,
- Higher rates of business partners applying sourcing principles to independent buys, and
- Increased spend coverage impact
Complete the form to find out how you can balance procurement effectiveness and efficiency today.