Explaining the procurement challenge

posted by Guy Strafford
18 May 2016

The average large business spends five times as much on suppliers as it does on its people. Even central government spends more on suppliers than civil servants. With an ever-more complex inter-connected world, this ratio is only going to increase.

Suppliers are important because they can expand your capability and increase productivity, or in some instances replace your in-house capability. Increasingly, they are the source of innovation in your business. Much of your business’ environmental/CSR impact is the result of suppliers working on your behalf, and the majority of your operational risk will reside within your supply base.

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