With C-suites and boards focused on maximizing shareholder value, many CFOs are optimizing business processes across all functions. This includes procurement, as finance chiefs focus on improving their company’s operating performance.
The procurement function typically has wide-ranging interactions across an entire organization. As such, many progressive CFOs are partnering with procurement professionals to help achieve the company’s profitability and cost-saving goals.
Best-in-class sourcing teams realized savings of nearly 13% over their peers, according to Aberdeen Group’s research, Supplier Performance: The Best-in-Class Approach to.