Measuring Cost Savings in Procurement
Measuring cost savings is critical for CPOs and purchasing managers as they establish benchmarks and reach for ambitious savings goals.
Measuring cost savings in procurement is critical for CPOs and purchasing managers as they establish benchmarks and reach for ambitious savings goals. Being able to measure and then point to clear savings empowers procurement staff. It allows procurement to take its place as a strategic leader within an organization, and to drive meaningful change.
In this recorded webinar, Darin Matthews walks through the methodology for measuring cost savings that he used during his time working with the University of California. He also discusses additional methodologies for savings measurement. Lastly, he shares how the latest procurement techniques and technologies are being leveraged for this kind of tracking and measurement.