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.

SpendControl 2020
SpendControl is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis.

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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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