What is Added Value of Procurement?

Appropriately depicting the added value of procurement is one of the greatest challenges of proper procurement management.

Many companies reduce the added value to savings in the sense of cost reductions that can be projected to the profit and loss statement (P/L).

However, in the case of other companies, other essential key indicator areas are permitted as “added value”, e.g.

Spend Control - Advanced Analytics, Transparency & KPIs

Spend Control 2021

Calculate the added value of procurement - With the procurement controlling software "SpendControl" you can perform all kinds of analyses and calculations for your procurement, such as the calculation of the added value of procurement.

A large library of easily understandable key figures for procurement as well as exciting standard reports enable you to carry out a variety of in-depth analyses, for any measured variables, such as prices, quantities, spend, and much more.

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The added value in purchasing: What all constitutes cost savings and how is this measured?
Since the external expenditures of a corporation make up a large part of the costs, purchasing is faced with correspondingly high expectations to achieve cost savings. ...

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