By Mickey North Rizza, VP at BravoSolution
There’s a well-kept secret fueling the profitability and growth of the world’s most successful companies, and it exists within your company, too. It’s the Procurement team. However, the Procurement teams at companies like Colgate-Palmolive, […]
If you’re looking for a way to save money, managing your contracts effectively is an excellent place to start. According to the Aberdeen Group, ineffective control of contract management costs businesses 136 billion euros per year in missed savings opportunities. Obviously, […]
Procurement and senior executives who manage procurement are often overly fixated on savings and unit cost reduction. This is not only short sighted; it can drive perverse outcomes and does not begin to exploit the value that procurement can bring.
This is the third and final paper in this series, looking at how executives can make a compelling business case for investment to improve contract management performance in their organisations. The first paper introduced the key concepts of contract management, […]