Five Things: Getting the basics right in procurement

“Many procurement functions put large savings numbers ‘up in lights’ when contracts are signed, then clock-off leaving the executive wondering where all the money has gone. When done well, contract management can deliver on the promises made and make sure you get what you signed up for.”

In many government and commercial organisations procurement has now become recognised as a fundamental enabler of business strategy and a preferred method for achieving sustainable cost reduction. It is often a source of opportunity for process simplification with technology enablement and a window into understanding what is really going on in operations through data and information. Based on our experience in working with organisations to improve their procurement outcomes, we believe that there are, at a minimum, five things you should ... click here for full article

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