•Office/tooling – Low-value items that are used by many employees where transaction volumes are extremely high and often must be stocked
•Information technologies – Equipment based off an asset plan that must be maintained and tracked
•Telecommunication – Optimize company-wide provider contracts
•Third-party services – Define and monitor subcontracting parts of client deals as statement of work contracts
•Consulting – Evaluate proposals, negotiate pricing per master agreement, and track invoices to milestones and rate card
•Temp labor –Ensure invoices match contracted pricing terms
In 2018, over 60 Professional Services companies grew faster with reduced spend and accelerated cash flow.
Procurement is now a competitive advantage for top performing midsize companies. Learn how it can be yours.
Given that up to 65% of the value of a company’s products or services is derived from its suppliers, procurement will play a leading role in enabling transformation. But, how will procurement organizations evolve? What new capabilities will emerge, and how will procurement transform the work it does and the value it brings to an organization?