Alexandra Cain wrote this piece summarising all the takeaways from my chat with leading CFOs on how reviewing your supplier agreements and possibly outsourcing this process could reap your business significant benefits !
This article was first published on the CFO Magazine website here
By Alexandra Cain
Systematically reviewing procurement processes delivers many benefits aside from reducing costs. But all too often, lack of expertise, time and resources means businesses simply roll over supplier contracts without really taking the time to explore all their options. Which is why outsourcing this process can deliver so much value.
Guest speakers at CFO Magazine’s most recent CFO Lunchtime Live event explored this topic, drawing on their experience rationalising the cost base in their organisation with Expense Reduction Analysts (ERA).
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