10 procurement principles
Key concepts to consider for buyers
To succeed in today's digital era, buyers should apply essential principles to keep business strategy governance.
Over the years, the role of procurement has evolved at lightning speed. Keeping an eye on your production, global market trends and suppliers while attending to daily operations is a constant challenge to tackle. To unleash the full potential of this role, it takes transformation across the organization, processes, and technology. Synertrade, in partnership with ProXp – Procurement Experts, developed useful principles to consider when talking about procurement departments. Throughout 5 weeks, we will make available 2 principles to help you put a strategy into action.
In this white paper you will find:
- Fundamental principles
- How to apply them in your procurement initiatives
- How to turn them into a successful formula