Play all audios:
A properly functioning PROCUREMENT FUNCTION can yield tremendous Competitive Advantage and Organizational Success. THIS IS DUE PRIMARILY DUE TO A ROBUST PROCESS TO: a. Manage Spend b.
Support Operations c. Protect Organizations from Supply Risk. _A PROCUREMENT FUNCTION THAT IS EFFICIENTLY ADMINISTERED WILL ENSURE:_ 1. THE SELECTION OF CAPABLE SUPPLIERS that are aligned to
its corporate objectives 2. THE CONSISTENT DELIVERY OF MISSION CRITICAL INPUTS of High Quality 3. Procured Inputs meeting the APPROPRIATE PRICE POINTS 4. EFFECTIVELY CRAFTED PAYMENT TERMS
that create a Positive Cash Flow Position 5. The acquisition of a TRANSFER OF KNOWLEDGE FROM SUPPLIERS, Customers, Strategic Partners, and Benchmarking Sources 6. STRONG TRANSNATIONAL
VISIBILITY, Fraud Protection, Auditing Mechanisms 7. The leverage of SMART CONTRACTS to reduce Supply Risks The effective Planning, Organizing, Leading, and Control of a Procurement Function
yielding an _UNDISPUTED FLOW OF CRITICAL INPUTS_ can only be realized by efficient Procurement and Supply Administration.