What purchases of goods, services, equipment, and capital projects make up your spend profile? Is there a cyclicality to your business that should be considered in your procurement strategy? Are there mechanisms in place to ensure that you are paying a competitive price and optimizing the value of your supplier relationships?
Procurement Modernization is the collective term BDO’s Procurement Services practice uses to describe a set of strategies that extract more strategic value from staff through higher productivity and by redeploying them to higher value-producing activities.
However, Procurement Modernization not only generates both cost savings and process efficiencies; Organizations that implement it also enhance their market competitiveness, gain the advantages of closer strategic relationships with their suppliers, and create a more engaged workforce delivering higher value to their bottom line, all through modernized procurement and supply chain activities – and BDO can help you to get there.
Join the CDDA and BDO to see how BDO can assist you in developing a plan in your workplace!