Top International firms prove that procurement is a good investment
29 August 2012
Firms that view costs incurred in running procurement operations as an investment achieve greater savings, research has revealed.
A Hackett Group study found leading international organisations who take this approach generate a 133 per cent greater return on investment than typical companies. This equals an extra $3.6 million (£2.06 million) savings for every $1 million (£573,706) spent on operating costs.
Chris Sawchuck, Hackett procurement practice leader, said: “Firms need to look at...