PURCHASING & PROCUREMENT.

Purchasing and Cost Optimization – New Procurement Model

In recent years the Procurement has evolved significantly. The Procurement area is seen today as a strategic component of the business and a differentiating factor in the market. This paradigm shift can have several impacts on organizations, such as:

Strategic sourcing

Supplier consolidation

Improved contract

Inventory management.

Currently, organizations have to decide between cost reduction programs or more strategic savings initiatives, namely by providing organizations with techniques that allow them to balance the cost structure with the volume of business.