Having a well thought out procurement transformation plan is a critical starting point for any cost-saving mission; but without board approval, that’s all it is – a plan. To put this plan into action, the Chief Procurement Officer (CPO) needs to pitch transformation as a business proposition, and this begins with a baseline savings plan. […]
Organisations are realising that an effective procurement function is no longer a ‘nice to have’ back-office function, but a sole entity to add genuine and tangible value to their businesses. Companies that oppose silo mentality and work to break down departmental barriers can make far better use of the procurement function, say Efficio experts and authors […]
A click here, a click there; technology has never made it easier for us, as consumers, to purchase what we need. For the corporate world, however, with a myriad of moving parts, this is a very different story. It’s easy to forget just how vastly the buying process differs for corporations versus consumers. For the […]
Alex Klein, COO and Co-Founder at Efficio Consulting, explores why now is the time to focus on procurement. The coronavirus pandemic threw the spanner of all spanners into supply chains across the globe, effectively stopping them in their tracks. Amidst the fallout from border closures, lockdown restrictions, and budget cuts, businesses with a two-hand feel […]
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