Making it Count: Capturing and Measuring Procurement Savings
Many non-procurement executives and stakeholders are skeptical about the validity of the savings being touted by the procurement organization and about the degree to which they impact the company’s finances. Conversely, procurement outsourcing service providers are also asking how they can prove their value to buyers.
Without a disciplined approach to capturing, measuring and reporting procurement cost savings, companies run the risk of:
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Many non-procurement executives and stakeholders are skeptical about the validity of the savings being touted by the procurement organization and about the degree to which they impact the company’s finances. Conversely, procurement outsourcing service providers are also asking how they can prove their value to buyers.
Without a disciplined approach to capturing, measuring and reporting procurement cost savings, companies run the risk of: