PROACTIS have now made it even easier to understand and implement effective eProcurement by providing a 3 Step Cost Reduction Challenge.
The Challenge assists organisations assess their operational and financial performance and the way they buy goods and services.
It helps them to gauge if they are extracting the maximum value from their spend control processes in order to reduce costs, improve financial control and mitigate risk.
Step 1 is to understand the challenge, step 2 to assess the savings opportunities and lastly step 3 is to discover the solutions.
These steps cover sourcing, contract management, purchase authorisation, accounts payable and/or supplier engagement.
The Challenge consists of a number of online videos and calculators that address a range of issues that organisations without effective Spend Control usually find are limiting their operational and financial performance:
- High cost structure
- Difficulty managing financial position
- Excessive risk
PROACTIS are committed to helping organisations increase business value and realise benefits through immediate and sustainable cost reduction.