into the business , it raises the questions : Do you have effective control of what you ’ re buying ? Do managers have enough visibility of their financial commitments properly to manage budgets ? Are you getting the best value for money ? Are you managing the payment process efficiently ?
“ Procurement can be a complex , manually intensive process . There are many challenges to manage from maverick spend , value leakage , lack of agility in moving to new suppliers to limited access to supplier and spend information . Procurement is often seen as painful and prohibitive when it can be proactive , predictive , and powerful .”
“ Often the percentage of spend under contract and spend under management
“ For me , the old adage of ‘ build it and they will come ’ applies . If you have simple , effective systems and practices in place then people will engage with procurement organically ”
KATHLEEN HARMESTON SUPPLY CHAIN AND PROCUREMENT SPECIALIST AND CIPS FELLOW
58 February 2024