World-class companies use procurement as a source of competitive advantage but many organizations still under-manage this treasure chest because they lack a predefined, systematic playbook for reducing costs and identifying and implementing necessary improvements.
Why Procurement Matters
Bain partners Klaus Neuhaus, Tobias Umbeck and Alexander Schmitz and manager Rainer Gerhard discuss the value of efficient procurement organizations, how companies can reach full potential and how they can make the savings stick year after year.
Despite the increasing recognition of procurement's importance, a recent Bain survey found a growing gap between what corporate leaders expect and what their supply management teams are able to deliver:
Bain's procurement consultants have worked on hundreds of engagements globally across all major industries, helping clients create world-class procurement organizations that can reduce their cost base, strengthen their supplier base and make the results stick.