5 Surefire Cost Saving Strategies for Procurement

Posted on 5/4/2016
With the global economy steadily continuing positive growth trends, the world of procurement is also expanding to keep up with increasing demands worldwide. At the same time, however, the cut throat nature of business competition is marking the beginning of a new era of cost cutting, lean management, and operational efficiency – the likes of which has never been seen before. More and more businesses are now gearing towards implementing new and improved sourcing practices in order to drive down the bottom line and improve profitability. At the same time, corporations and suppliers are also looking for ways to streamline operations on a global level, and implement practices that offer the highest return on investment.
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Top 10 things oil & gas procurement leaders should already be doing

Posted on 30/3/2016
1. Be street smart

​Research what the growing market trends are, what are the services being offered, where can you get them at a cheap price. Know your consumer market. Assess the cost of the product and learn local and international market profits.

2. Invest in vocational & technical learning

In today’s age and time we have more percentage of senior members of the team then juniors. We need to teach employees the new world order of being ultra-competent and efficient. They are the future, so invest in passing this skill on to your junior team members. This way you would always have the right employee for the job of procurement and supply chain management.
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Our specialty is to deliver breakthrough in ​Supply Cost Reduction in the following industries:

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