4 Ps of Procurement
Marketing has its 4 Ps, Procurement Does Too !
We all know about Supply Chain.
How About Procurement ?
Procurement exists under various forms :
We will explain the differences between the solutions listed above in a post dedicated to Procurement Software.
Marketing & Procurement…
We all know the 4 Ps Theory and we tried to work out the 4 Ps of Procurement. We finally found them :
Procurement allows any business to improve and automate the B2B Purchasing Process
Procurement allows purchasing managers / departments to increase profits by better negotation with different suppliers
Procurement helps you better define the company’s requirements in term of purchases and centralize all the data on one simple & easy-to-use system.
Procurement allows companies to automate all purchasing processes for a business with savings, requirement profiling – thus a higher performance !
Procurement & its Issues
- Complexity of arrangements
- Nature and scope of various purchasing processes
- Quality Control
- Potential for changes
- Cost certainty
- Legal Responsibility
- Overall Control
- Spend Management
Procurement is a key issue, whatever the size of your company.
Some people have the right answers : Procurement Specialists !
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