Abhijit Menon’s Post

💡Check out ProcureAbility's latest insights on #procurement "dos and don'ts" that we've learned through decades of transforming procurement operations! 👇

ProcureAbility has helped global #procurement teams across every industry transform their operations for almost 30 years. Read our latest Insights blog for valuable lessons we've learned along the way. https://lnkd.in/erWXAHXF

While technology has transformed much of what #procurement does, one constant is the vital role of humans in the procurement function. We believe human touch is critical to make sense of data, drive strategic decisions, and build and develop business relationships. For nearly three decades, ProcureAbility has helped procurement teams across every industry transform their operations. Read our latest Insights blog for valuable “dos and don’ts” we've learned along the way, focused on 6 core areas that can help procurement organizations avoid repeating past missteps and operate more efficiently. https://lnkd.in/erWXAHXF #procurementleaders #procurementstrategy

While technology has transformed much of what procurement does, one constant is the vital role of humans in the procurement function. We believe human touch is critical to make sense of data, drive strategic decisions, and build and develop business relationships. For nearly three decades, ProcureAbility has helped procurement teams across every industry transform their operations. Read our Insights blog for valuable “dos and don’ts” we've learned along the way, focused on 6 core areas that can help procurement organizations avoid repeating past missteps and operate more efficiently. https://lnkd.in/eumkPX8W #procurementleaders #procurementstrategy

Read ProcureAbility's Insights blog for valuable “dos and don’ts” we've learned along the way, focused on 6 core areas that can help procurement organizations avoid repeating past missteps and operate more efficiently. https://lnkd.in/eumkPX8W

High-performing #procurement organizations leverage procurement-supportive technology to automate themselves out of tactical work and into positions where they can focus on strategy. One key area of focus involves building stronger #supplierrelationships: https://buff.ly/3YlM48c

Remember when procurement was all about paper trails? We've come a long way with digital transformation. #Checkit #ProcurementEvolution #Procurement #SupplyChain #BusinessGrowth #Innovation #TechInBusiness

🚀 Tips for Improving Your Procurement Process 🚀 1. Leverage Technology: Use procurement software to streamline processes and enhance data visibility. 2. Data-Driven Decisions: Analyze spending patterns and supplier performance to inform better negotiation strategies. 3. Supplier Relationships: Build strong partnerships with regular communication for improved terms and innovative solutions. 4. Cross-Functional Collaboration: Involve different departments to gain insights that lead to better sourcing decisions. 5. Sustainable Sourcing: Prioritize suppliers who focus on ethical practices to enhance your brand and meet consumer expectations. #Procurement #SupplyChain #Efficiency #SustainableSourcing #SupplierManagement #DataDriven #BusinessStrategy

Efficient procurement is key to success, especially in any organisation. It's about more than just cutting costs; it's about running operations smoothly and effectively. Here are some ways to boost procurement efficiency: 1. Use Technology: Advanced software and AI can make procurement faster and more accurate, providing valuable insights into spending. 2. Build Strong Supplier Relationships: Working closely with suppliers can ensure reliable supplies and better deals.Treat Suppliers as a business partner to have a shared goal , better collaboration and long term success. 3. Manage Risks: Identifying and addressing supply chain risks early helps maintain continuity and avoid disruptions. 4. Make Data-Driven Decisions: Using data to guide procurement decisions leads to better outcomes and smarter spending. 5. Encourage Team Collaboration: Getting procurement, finance, and operations teams to work together leads to more effective strategies. By focusing on these areas, companies can not only save money but also drive innovation and sustainability. Let's connect and share ideas on optimizing procurement processes! #Procurement #SupplyChain #Sustainability

#Learn about 5 key, interrelated components needed to help your team navigate through #transformation and explore #best practices on how to build a resilient, ethical, and value-centric #procurement organization for the future, starting today. Download your copy now- https://lnkd.in/ggGPyQG2 The Smart Cube #Procurementevolved #Digitaltransforamtion #WNSProcurement