New Zealand

Details

  • Service: Advisory
  • Industry: Financial Services, Energy and Natural Resources, Food and Drink, Government, Agribusiness, Health, China Business
  • Type: Business and industry issue
  • Date: 28/05/2012

Advisory

We provide a range of services covering management consulting, risk consulting, and transactions & restructuring.

The power of procurement 

Procurement functions need to extend their activities and take on a more strategic role within the organisation. This report offers five key recommendations for tackling procurement challenges.
power of procurement
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In the tumultuous global economy, realising sustainable cost efficiencies is a key priority for business leaders across all industries.

 

KPMG’s global survey of procurement excellence indicates that, although most procurement functions have made significant progress in terms of creating value for their organisations, over the past few years, their momentum has stagnated somewhat.

 

In large part, this is because much of the ‘low hanging fruit’ has already been harvested in terms of cost savings, leverage and price.

   

The survey results show a lack of focus on ongoing supplier relationship management and even less participation in the ‘make versus buy’ decision process. It also points at a lack of preparedness around supply chain risk.

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