Video

Why Procurement Matters

It is often a leading cost item, but companies struggle to make the most of the savings opportunity.

Video

Why Procurement Matters
en

Procurement is often a company's biggest cost item, accounting for as much as 80% of total costs in some industries. Companies seeking savings often look to procurement, but they may find that their procurement organizations are not optimized to make the most of the opportunities. In this video, 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.

Read the Bain Brief: Building a world-class global procurement organization

 

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