LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement intelligence advisory firm, has announced the completion of their most recent whitepaper on the role of procurement transformation in achieving organizational goals. Procurement transformation is a systematic approach aimed at improving every aspect that impacts procurement within an organization. It helps organizations to ensure long-term sustainability in order to achieve organizational goals. Additionally, factors such as category management, strategic sourcing, contract and supplier management, and technology implementation act as key components of a well-defined procurement transformation strategy.
According to the procurement experts at SpendEdge, “Organizations across the globe are increasingly focusing on enhancing their procurement strategies to improve the overall corporate growth.”
Request a free proposal to see how SpendEdge’s procurement solutions can help you.
Top three procurement transformation mistakes:
- Reworking every aspect of procurement – It's essential for procurement officials to be selective about the procurement processes or elements of the organization that need a real transformation.
- Assuming that it is all about sourcing – Procurement transformation greatly relies upon several factors, such as employee skill, technology sophistication, and company culture.
- The notion that it only deals with savings – To achieve sustainable procurement excellence, it is essential to design a blueprint to measure performance and spot savings opportunities.
- To read more, download this whitepaper
Download the complete whitepaper on procurement transformation:
Get unlimited access to all our reports. Our Insights platform provides ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day trial now.
SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.