“CPOs still need to reduce costs. Unless you come up with ways to innovate, you’re not going to do it.”
Bill Michels at the CPO Rising Summit (link to article)
Struggling to deliver year-over-year cost savings? You’re not alone.
While some Procurement functions are sticking with the status quo, others are using new methods to save time and avoid costs. Since 2015, getSayDo has enabled Procurement functions to easily document supplier-stakeholder feedback at scale. The resulting new supplier feedback data proves the need for supplier calibration, and provides insights on performance across supplier categories.
In this report, you will learn:
- Opportunities to go beyond price negotiations.
- The importance of calibrating suppliers on their performance.
- How much waste you could avoid.
- How to keep suppliers aligned with your stakeholders’ expectations.