Procurement: A Strategic Lever for Bottom-line Improvement

  • Source: Accenture
  • Written By:
  • Published:
  • (Originally Published On:) )
Companies are successfully realizing benefits from their procurement initiatives, and viewing procurement as an integral part of their overall corporate strategy. They no longer perceive procurement as a cost center, but rather as a strategic lever for improving profits or funding new initiatives. Procurement opportunities are significant—translating directly, with no dilution, into measurable, hard dollar profit increases.

Featured Software Research:

Reduce the Risk of Network and Application Performance Issues

More than ever before, the IT network is a strategic asset to a business, and any downtime or degradation in network or application performance can directly impact an organization’s bottom line. This white paper looks at a methodology for solving network and application performance issues and outlines a new approach to getting to their root causes more quickly. Read More

25 Ways to Positively Impact Payroll

Payroll can be looked at as a huge cost center—not only with respect to wages and salaries, but also with regards to the cost of processing. Controlling costs in payroll means big savings to the bottom line. Also, increased efficiencies and streamlined processes benefit all employees, and improvements in payroll add value to your organization. If given due attention, payroll can have enormous strategic impact at any company.

This document looks at using automation, information, reconciliation, process improvement, and new technologies to make positive changes to payroll, and reap the benefits these changes can provide. Learn 25 ways to positively impact payroll, from how going green can reduce waste and cut costs to how payroll-related networking groups can help affect change and how auditing and tax reconciliation can save time spent problem-solving and filling in gaps later.

Automating your workflows can reduce the risk of error and decrease time to approval, electronic timekeeping can save time and reduce errors, and improving payroll reporting can provide accurate information for all employees. Find out more about how these and other actions can have a huge positive impact on payroll at your company, with this list of payroll-impacting actions from Ultimate Software.  Read More

What Does the Modern Procurement Organization Look Like?

Modern procurement executives are business driven and technology powered, making them valuable strategic business partners to the entire organization. Learn about the five key qualities that define a successful modern procurement organization. Read More

You may also be interested in these related documents:

Operational Excellence: The New Lever for Profitability and Competitive Advantage

Better. Faster. Cheaper. Every company is grappling with these concepts today as economic uncertainty spreads. Though many are focusing on what to eliminate in their operations, leading firms are redoubling their efforts to find new ways to execute with greater efficiency—to achieve operational excellence without sacrificing the value their customers expect. Learn more about improving your strategic competitive advantage. Read More

5 Key Points for Continuous Improvement in the Life Cycles of Processes

  • Source: Polymita Technologies
  • Written By:
  • Published:
In today’s changing, competitive world, companies must adopt a continuous improvement methodology to support sustainable and profitable business models. Processes must be seen as a lever for analyzing and optimizing the way firms works. Before you initiate any project involving process automation and management, discover five key points that can help you make continuous improvements in the life cycles of your processes. Read More

Pricing and Revenue Optimization: A Manufacturing Perspective

  • Source: SAP
  • Written By:
  • Published:
Pricing and revenue optimization is the process of improving business margins by either increasing unit prices or increasing gross revenues. This type of optimization is fast being recognized as having the capability to help businesses grow margins significantly. In fact, studies have shown that it can add a 15 to 50 percent incremental margin to the bottom line. Read More
 
comments powered by Disqus