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.
- compliance topics
- process efficiencies
- automation
- success of negotiations
- or other key Cost Avoidance indicators
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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Orpheus Glossary
Here you will find important terms related to spend management explained in a clear way. Small knowledge base for quick information or in full for your further education. This controlling glossary is constantly being expanded and improved.
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Read blog articles about spend management, initiative management and data management in procurement, or other articles from our experts.
