A Holistic View of Procurement Leads to Efficiency

 

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  • Type:
  • Published:
  • September 28, 2016
  • Author:
  • Andrea Stroud
  • Pages:
  • 5
  • Price:
  • Member: FREE

When organizations think of which areas in supply chain can be a focus of cost reduction, they often select the procurement function. Taking a holist view of procurement can help lead to efficiency. There may be hidden opportunities that can drive procurement costs down, such as more strategic allocation of resources to more value added activities.

This article first appeared in the September/October 2016 issue of Supply Chain Management Review.

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