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5 steps for Procurement to impact on financial results

Claritum

The Procurement team need only to be able to monitor and report as. strategic suppliers, approved suppliers and competitive bids for. Later in this article we will cover the areas that Procurement, with the noise removed, is now able to focus on. However, individuals in the Procurement function cannot be the.

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5 steps for Procurement to impact on financial results

Claritum

The Procurement team need only to be able to monitor and report as needed on the flow of purchasing transactions. Ensuring that policies are adhered to and that there is appropriate supplier selection (strategic suppliers, approved suppliers and competitive bids for example.). Step 4 Don’t lose Procurement focus on costs.

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Procurement as a strategic advisory resource

Claritum

Procurement needs to transform and continue to transform to align to the business. Procurement has to move away from a transaction based function and become an advisory resource. The Category Manager needs to become more integrated into key business processes and more consultative in nature. Visibility of activity.