The procurement area has become increasingly strategic for companies. Bureaucratic and purely operational processes are no longer part of what is expected of a procurement area.
To put strategic procurement in practice, leaders work on the creation of long-term plans aligned with the business direction. They then execute their directives considering management of suppliers, negotiations, processes, protocols, cost reduction and collaboration for their companies to achieve objectives.
For the impact of procurement to be positive in decision making and in the company’s results, all departments must work together to identify bottlenecks, propose improvements and integrate efforts.
When the goal is to maximize the success potential of the operations in the area, the adoption of the Procurement that Flows™ principles becomes a great ally. The journey, which is based on 9 essential and progressive steps, begins from streamlining operations , goes through the agile adaptation of processes, and culminates with the desired strategic impact.
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We have gathered the 3 final steps of the Procurement that Flows™ journey, which help your company to ensure a more strategic performance for the procurement area.
Business areas recognize processes as essential for the progress of activities, knowing how and when to use them in a smooth and necessary way, and not just playing their bureaucratic role.
When optimizing cost management, the procurement area will be credited for optimizing spend, risk, compliance. Moreover, it provides relevant data for leaders and decision makers, putting the essential elements for the companies’ profitability and competitiveness.
To complete the journey of the 9 principles of Procurement that Flows™, the system reaches a level of maturity where it is able to put order to the chaos. Thus, the procurement is seen by the partner areas as a strategic sector, earning a seat at the table to also lead decisions and negotiations key to the company’s general objectives.
Do you want to know how to build an effective and integrated flow for the Procurement area? Do you want to know how to build an effective and integrated flow for the Procurement area? Learn more.