Take off from time to time to see the big picture. In my experience there are significant opportunities that can be uncovered by changing your focus from the day-to-day business to taking a broader perspective. There are opportunities to drive procurement cost savings across all areas of your business. Some target areas would include non-contracted spend, long term vendor arrangements and where business units operate outside the control of your procurement function. Another area to focus on is consumption rates especially on some of your key products and services. Applying a strategic procurement approach to your large spend areas can not only deliver significant savings on purchase price, but also uncover process efficiencies leading to reduced consumption and expenditure. When we take a step back, we see the light amongst the dark - or in this case, the opportunities from amongst the norm.
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