Tim Slorick of procurement and operations consultancy K Consulting presents a way to unlock cash through a procurement savings model called Redesign to Cost.
What is the relationship between your procurement team and your technical, R&D or engineering department? If it is an arm’s length, servicebased relationship, namely one where a specification is drawn up by the technical team and is then ‘thrown over the wall’ to procurement to source from the supply market, then there could be a…
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