Three cheers for the procurement team — they’ve delivered some hard, quantifiable savings for the business. Now over to you, finance — what happens to these savings? What’s the best way to get a handle on them and use them to drive enterprise profitability and competitiveness? Is there an effective strategy that won’t force you to micromanage the savings flow?
In this new paper — 3 Finance Strategies to Utilize Procurement Savings — experts explain how CFOs can (and should) align procurement-led savings with the company’s financial objectives, depending on the company’s phase of growth. The paper also outlines the right mechanism for allocating these savings between net income and reinvestment.
What’s Inside:
- The Savings Strategy Quadrant — identify your ideal income/reinvestment ratio
- Converting budget reductions into cross-functional collaboration
- A Fortune 500 case study
A must-read for CFOs and finance professionals looking to create significant value for the enterprise.
Theme: Procurement
