One of the most challenging factors faced by any organisation is knowledge retention.
Sometimes, in the midst of discussing Bid Matrix, Purchase Price Variance, and Webservices Integration, one can lose sight of the bigger picture. The most basic concept to understand is the difference between the terms “Sourcing” and “Procurement”.
Choosing the right solution can be hard. Keep your focus where it matters to get the best outcomes.
Whether you’re measured on it or not, TCO should be high up your list of priorities for 2019.
Make no mistake. Savings still matter in procurement. It’s the first line on your report to the CFO. There’s a good chance that you and your team are judged primarily on them. And savings will continue to matter for a long time.