In this podcast, we discuss with Vera on the cost saving strategies in procurement :
We explore :
- The key principles you follow when developing procurement strategies aimed at reducing costs without compromising quality
- Prioritizing cost reduction initiatives versus other procurement goals such as supplier diversity or sustainability
- Role of data analytics and market intelligence in identifying opportunities for cost savings in procurement
- Importance of collaboration between procurement and other departments
- Measure the success of cost-saving initiatives in procurement