Goods and services purchased can represent up to 70% of a company’s costs, but few purchasing organizations have evolved beyond a transactional approach. Research shows, however, that a typical Fortune 500 manufacturer can boost its return on invested capital to upwards of 20% and increase its earnings by upwards of $100 million based on procurement management.
But what separates world-class procurement organizations from the industry average, or worse, those lagging behind? Chief Procurement Officers at world-class organizations focus on a broader range of objectives, and, as such, show significantly better cost savings.
Download this new white paper to learn how best-in-class procurement organizations
- reduce costs,
- maximize working capital,
- manage market volatility and
- mitigate risk on their journey to procurement excellence.