Krish Vengat N .
PROCUREMENT STRATEGY
“ Proactive cost-saving initiatives , focusing on negotiation and strategic sourcing , are vital , as is building flexibility and agility into procurement processes to navigate dynamic market conditions ,” he says . “ By integrating these factors , organisations can create a resilient , efficient and value-driven procurement function aligned with broader business objectives .”
Barriers to a lean procurement strategy Although it can deliver many competitive advantages , a lean procurement strategy can be difficult to achieve ? From his years of experience in advising businesses Vengat N says a number of common problems typically beset lean procurement initiatives . One is resistance to change within an organisation . Often this stems from a fear of moving away from established processes or heritage systems – something that is incompatible with more progressive ways of working . Big tech-change projects require significant buy-in from all stakeholders at all levels if they are to be seen through to conclusion .
Krish Vengat N .
TITLE : VICE PRESIDENT , CONSULTING COMPANY : GEP INDUSTRY : SOFTWARE INDUSTRY : NEW YORK , USA
A seasoned procurement and supply chain leader with a proven track record of delivering company goals for over 15 years . He has delivered a broad range of strategic and operational insights to drive growth across many Fortune 2000 companies in the automotive and assembly CPG and industrial manufacturing space .
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