Using procurement to transform your business - Insight | Efficio US

Insight

Using procurement to transform your business

Words: Melaye Ras-Work

In an interview for Business Reporter, Melaye Ras-Work explains how effective procurement can transform your business.

Procurement represents one of the biggest opportunities for businesses today. Until recently, it’s an opportunity that until recently has gone largely unrecognized – but that’s changing. As a cost, procurement typically represents 30 – 70% of a business’s revenue, so getting it right can have a significant effect on their bottom line. That’s why successful companies have recognized that having a world-class procurement is a source of competitive advantage.

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