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Vedomosti

Improving Procurement Efficiency

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

  • March 10, 2017
  • min read

Article

Improving Procurement Efficiency

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.

(Full article only available in Russian)

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