Who’s buying in your business?

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As a business leader, owner, decision maker in a manufacturing company, what do you think about when you hear the word procurement? Raw materials, packaging, supply chain?

All budget holders within a business are “buying” on one level or another, yet very few businesses follow the same stringent procurement processes that are in place when purchasing raw materials and packaging.

Holistic procurement looks at the entire organisations’ procurement practises to ensure a thorough and consistent approach.

How are you mitigating rising costs in your business?

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Holistic procurement is imperative in the current environment as businesses face the double whammy of inflation and supply shortages.

Traditional price negotiation strategies are less effective when trying to keep costs below the inflation line.

To increase profitability, as well as making productivity improvements, businesses should also be looking at their internal end-to-end procurement processes to remedy inefficiencies that impact the bottom line.