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Vedomosti

Improving Procurement Efficiency

Improving Procurement Efficiency

Even if a company has achieved economies of scale, there is still potential for improvement.

  • min

Article

Improving Procurement Efficiency
en

Procurement is the most important cost item at most companies. It accounts for 43% of total costs, on average. According to Bain & Company research, companies could save 2-3% per year by improving procurement efficiency using methods that have been successful in Russia and internationally.

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