Victoria Sparks, Charlotte Barnett, Joy Froese, and Christy Raivio of Cox Communications enjoy a day away from the office on the greens at Silverstone. Join us on October 16th for our 4th annual golf tournament!

PROGRESS & PROCUREMENT
The advantages of well-managed procurement and supply management should be tied to the company’s business strategy and touch every department.

Because spending affects so much of an organization, procurement can realize huge benefits compared with reducing an operating budget by tapping low-cost labor.

“People want to simplify, bundle processes, and think of it as the same as other BPO areas. But procurement outsourcing is about lowering your spend across the organization,” he said. “The types of spend procurement outsourcing will manage and make more effective are in your marketing spend, in IT—it’s in travel, it’s in everything.”

E-CONNECTIVITY WITH SUPPLIERS IMPROVES COST SAVINGS

According to a recent report from analyst firm Aberdeen Group, companies who are electronically connected to more of their suppliers are steadily achieving transaction cost savings in both their procurement and accounts payable departments.