Market Overview

Tips to Transform Your Business into a World-Class Procurement Organization - A SpendEdge Whitepaper

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SpendEdge,
a global procurement intelligence advisory firm, has announced the
completion of their most recent whitepaper on forming
a world-class procurement organization
. A few years back, the
functions of procurement revolved only around identifying and procuring
goods and services that helped elevate business' offerings. However,
procurement functions have evolved over time and now act as a key
enabler to the generation of incremental profits across industries. This
whitepaper offers detailed procurement insights that will help you
identify the steps involved in transforming businesses into world-class
procurement organizations.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180822005259/en/

Tips to transform your business into a world-class procurement organization (Graphic: Business Wire)

Tips to transform your business into a world-class procurement organization (Graphic: Business Wire)

According to the procurement experts at SpendEdge,
"Organizations have realized the importance of transforming its
procurement functions beyond the traditional business functions in order
to play a more strategic role within the organization."

Request
a free proposal
to see how SpendEdge's procurement solutions
can help you.

Tips to transform your business into a
world-class procurement organization:

  • Focus on the right skills and capabilities – It is essential to
    identify procurement experts that have held high corporate positions,
    as this will help raise the bar for procurement while helping
    organizations realize the importance of focusing on their key
    abilities.
  • Understand the operational mandate – Understanding the
    operational mandate is a pre-requisite for transforming your business
    into a world-class procurement organization. It revolves around
    educating enterprise-level firms about the procurement offerings and
    its benefits.
  • Invest to achieve desirable outcomes – Being a subset of
    finance functions, a world-class procurement process is the same as a
    peer to finance with its own directive to support the business
    functions.
  • To read more, download
    this whitepaper

Download the complete whitepaper to know how you can transform your
business into a world-class procurement organization:

https://www.spendedge.com/request-white-paper?related=9256

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement market intelligence partner
for Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.

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