Introduction to Procurement

We all have to spend money as part of our business. In fact, companies can spend as much as two third of their revenue with third parties.  

Procurement is the art of making sure that money is driving our business forwards and not draining our cash. 

This guide will explain what that means and how you can start putting it into practice in your business.

We’ll look at the ‘5 Rights’ of Procurement – Quality, Quantity, Time, Place & Price. These will focus your mind onto getting the right products and using the right suppliers for you.

After reading this practical eGuide, you'll be able to:

• Calculate value instead of price
• Determine the Total Cost of Ownership of an item
• Know the questions to ask to improve your supply chain
• Start saving money with suppliers

With this guide, you'll understand the fundamentals of Procurement and see practical tips to put them into practice. With real life examples and questions to ask of your own processes and suppliers to save money.

Download now to kick start your supply chain.