With the rationale to outsource non-core services increasingly compelling, many organisations are finding that strategic, well-managed procurement is a sure route to securing significant cost savings and efficiencies. However, whilst the opportunities are significant, so are the risks, if it is not run well.
Enterprises worldwide are asking their procurement teams to play a larger and more strategic part in overall corporate growth and deliver sustainable business results. To be able to meet these new expectations, procurement organizations must transform their legacy processes, practices and structures, and align them with the current needs of the enterprise.
As with any transformation program, the real challenge is in the implementation. Organizations often follow the path of building detailed transformation road maps and implementation plans, many times using outside expertise, but fail to realize the benefits in the real world.
In today’s highly volatile global business and economic environment, enterprises worldwide are facing increased challenges, both externally and internally, to sustain profitable growth.
Under rapidly changing market conditions, the ability to reduce operating costs and allocate budgets correctly is paramount for organizations to survive and grow.
Iveden Inc. - a federally Incorporated company
Offices in Toronto Canada and London U.K
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