SIG Resource Center

Off the table, into the pocket: capturing procurement savings

In the wake of the Great Recession, and in the midst of the slow recovery, companies continue to turn to their procurement function as a source for additional savings. Yet for a variety of reasons - overestimating, dubious budgeting, poor demand management and compliance, and changes in baseline assumptions - the identified savings are never actually captured and reflected on the bottom line. To get the most from procurement savings initiatives, organizations need to have in place six elements.

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