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
- success of negotiations
- or other key Cost Avoidance indicators
With its standardized ERP interfaces you can connect the spend cube of SpendControl within a short time frame to any ERP system (e.g. SAP, Navision, Oracle etc.).
Read blog articles about spend management, initiative management and data management in procurement, or other articles from our experts.