STRATEGIC SOURCING
“ Today ’ s technology-powered procurement processes can provide the visibility needed to proactively identify , evaluate and mitigate risks .
“ Implementing the right tools and leveraging technology for procurement processes can provide improved efficiencies and streamlined operations , allowing organisations to become more strategic in spending and supplier relationships .”
Elsewhere , KPMG – one of the world ’ s leading professional services firms – leverages enterprise procurement to enhance operational efficiency , cost savings and risk management .
By centralising procurement , KPMG streamlines processes to ensure consistency across global operations .
This allows for the standardisation of procurement policies and procedures , maintaining uniformity and compliance and leveraging buying power to negotiate better terms with suppliers – taking advantage of economies of scale .
Jos Joos , KPMG Global Procurement Functional Leader , says the key benefits of enterprise procurement include increased savings on expenditures and compliance with regulations . “ Companies with robust procurement departments can source more effectively by consolidating volumes and negotiating better terms with suppliers ,” he adds .
“ This reduces the burden on requesters , who can depend on these negotiated prices and terms and be guided towards existing contracts .
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