Calculator: The Cost of Supplier Engagement
Well-managed engagement with your suppliers is essential to building a strong supplier base and achieving best value for the goods and services you buy. But do current manual procurement processes consume excessive time and effort, adding significant cost to your operations?
- Is there limited time for Procurement to conduct professional sourcing activities?
- Are supplier contracts and catalogues often ignored by staff when making purchases?
- Does Accounts Payable spend excessive time handling supplier enquiries?