Our site uses cookies

I agree Our site saves small pieces of text information, called “cookies” on your device. Find out more in our cookie policy. You can disable the usage of cookies by changing the settings of your browser. By continuing to browse the site you are agreeing to our use of cookies.

How SMEs can improve their bottom line through procurement

In an article published in Business Reporter for The Sunday Telegraph, Toby Munyard and Tim von der Decken discuss how SMEs can leverage procurement to drive cost savings and efficiencies, and gain a competitive edge.
In today’s uncertain political and economic environment, it is particularly important for SMEs to ensure that they have effective procurement processes in place which enable them to increase efficiencies, minimise costs, reduce capital requirements and, in turn, increase the return on capital. Having these processes in place also allows organisations to review the dependencies of their supply chain and explore access to alternative suppliers in the event of market disruption – satisfying the risk requirements of large clients. For SMEs wanting to use procurement to reduce costs, there are a number of key areas to review.
 
 


If you would like to find out more about how SMEs can drive value from procurement, please get in touch.

Negotiation Factory - Saving €20 million in three days
Case study
Negotiation Factory - Saving €20 million in three days

Efficio helped a world leader in transportation manufacturing to deliver double-digit savings. They needed a way of engaging with their suppliers - and with each other.

Value Engineering: An advanced and collaborative cost reduction approach
Insight
Value Engineering: An advanced and collaborative cost reduction approach

Companies now often focus on the savings realised through negotiations with incumbent suppliers and competitive tendering, but with commercial levers already having been implemented, CPOs are shifting focus to other value creation levers.

Clarity from complexity
Case study
Clarity from complexity

Resolving complex supplier negotiations and delivering rapid savings at a leading world bank

The future of procurement training and learning
Insight
The future of procurement training and learning

Learning is recognised by industry leaders as the top method for retaining talent, so how can procurement leaders ensure effective training?