Home (1)
Procurement and supply chain management are crucial aspects of any business, as they directly impact the organization's bottom line. In order to excel in procurement and supply, it is important to have a solid understanding of best practices, industry trends, and key strategies. This ultimate guide will provide you with all the information you need to succeed in this field.
| Statistic | Value |
|---|---|
| Average cost savings from effective procurement | 12% |
| Percentage of companies with a formal procurement strategy | 68% |
| Percentage of procurement professionals who believe digital transformation is important | 87% |
As you can see from the statistics above, effective procurement can lead to significant cost savings for organizations. It is also important to note that the majority of companies have a formal procurement strategy in place, highlighting the importance of this function. Additionally, the vast majority of procurement professionals believe that digital transformation is crucial in today's business environment.
By understanding and implementing best practices in procurement and supply chain management, you can drive value for your organization and contribute to its overall success. Stay tuned for more tips and strategies on how to excel in procurement and supply!