Mandatory procurement
3 April 2012
Q: What are the pros and cons of making the use of procurement mandatory within an organisation?
A: Clive Heal, head of group procurement at Prudential, writes: At first sight, for the many companies without a formal mandate, it might seem like the ultimate goal. A mandate can be a demonstration of executive support, an important tool to eliminate spend leakage, provide access to new spend areas and potentially deliver procurement benefits sooner.
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