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.
![](https://synertrade.com/wp-content/uploads/2023/05/Synertrade-10-procurement-principles.jpg)
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