Welcome back to another installment of Whitepaper Wednesday here on the Purchasing Certification Blog. This week, I\u2019ll be reviewing a whitepaper entitled \u201cToo Much Savings?
\n9 Ways to Expand Influence, Drive Savings, and Secure Your Procurement Position\u201d from K2 Sourcing.<\/p>\n
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As the title suggests, this whitepaper consists of nine tactics for delivering better procurement results. I won\u2019t give them all away here, but I will comment on a few of the more significant ones. Here we go\u2026<\/p>\n
#1. Understand That the Purchase of Goods and Services has the Number One Impact on Profitability.<\/strong> The segment describing this tactic runs you through a sample calculation demonstrating how a small cost savings through good procurement can have a dramatic impact on profitability. It\u2019s a good introduction if you\u2019re new to procurement and never saw the correlation between savings and corporate profits.<\/p>\n #3. Speak with Numbers.<\/strong> This section encourages the procurement professional to conduct an analysis on spend currently outside of Procurement\u2019s control and to present to the CFO an assessment of the opportunity for savings if the procurement department could get involved.<\/p>\n #5. Centralize Procurement \u2013 Especially Strategic Sourcing.<\/strong> This section discusses solving the oh-so-common problem of suppliers charging different departments and different divisions of the same company different prices.<\/p>\n For complete details on these three tactics as well as the other six, you can download the whitepaper from K2 Sourcing\u2019s Web site (registration required).<\/p>\n Recommended Reading<\/strong><\/p>\n What Does The High Unemployment Rate Mean For Service Industry Purchasing?<\/a> Welcome back to another installment of Whitepaper Wednesday here on […]<\/p>\n","protected":false},"author":12,"featured_media":4134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"\n
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\nWhitepaper Wednesday \u2013 Sourcing Professional Services<\/a>
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