Cost Optimization Strategies
Procurement cost optimization includes a myriad of short and long term strategies. Short term strategies has to do with cost reduction activities that drive immediate cost savings to the organization. Among these strategies are reviewing current contract terms, eliminating Maverick spend, challenging specification, consolidating requirements…
For long-term strategies, procurement can achieve sustainable cost optimization results. Such strategies include outsourcing, use of technology, managing procurement risk, category management, procurement centralization…
Strategyah Consulting can help you adopt the right strategies based on the nature of your industry and based on your organization strategic direction. Our role is to study your current situation, assess the performance of your procurement activities and analyze your procurement spend. The objective is to ensure that procurement is delivering important value to the organization and generation a significant ROI that contribute positively to the profitability of your business.