How you can leverage Proactis to achieve Continuous Process Improvement (CPI)
The National Association of State Procurement Officials (NASPO) recently released its annual report – “Top 10 Priorities for State Procurement 2020
” – based on input from state CPO’s. In a series highlighting the priorities in greater detail, we will explore how you can achieve several priorities for your organization.
Every business, no matter the size, no matter the industry, should aim to achieve Continuous Process Improvement (CPI). Budgets are tight across most businesses, with many having to do more with less (less staff, less money). Employing methods to continuously improve can enable a business to not only simplify processes, but to reduce process waste and optimize workflows.
Consolidating and controlling spend has never been more important, with all departments under increased scrutiny to deliver cost efficiencies.
Continuous improvement is a hot topic at the moment, with Forbes highlighting that constant improvement is a "Best company trait" and that organizations should “embrace continuous improvement to power operations.” The Hackett Group
also recently stated that "continuous process improvement is a must for organizations striving to achieve and maintain profitability and competitive advantage."
The main objective of continuous process improvement is to make small, incremental changes that will provide greater value in the long run by determining whether they’re meeting the goals of the company. And process improvements can be made across the entire organization, including in the area of spend management and procurement.
CPI can provide organizations with increased profits and productivity, improved quality, enhanced vendor satisfaction, reduced costs, more consistent data entry and so much more. With spend management, such improvements can reduce the risk of vendor non-conformance and non-compliance, improve financial control and visibility, provide a broader, better-rationalized vendor base, and free up time to perform more value-add tasks.