Improving an organization’s procurement brings benefits far beyond saving money or raising quality standards. It can dramatically improve the valuation of the organization as a whole.
At a time when many companies are facing tough times, procurement is becoming recognized as an essential component of corporate strategy for leading organizations. It is well understood by CEOs and CFOs that buying more efficiently can bring big cash savings and more revenue through improved quality of goods and services as well as more reliable supply chains, but its strategic impact is now starting to elevate CPOs up the corporate agenda.
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