How Collaborative Process Improvement Can Help Procurement Optimize Cost Reduction

CPOs are tasked with reining in procurement costs, but they can’t do it alone. Procurement leaders are increasingly looking to collaborate with critical partners to address challenges, including dealing with complex supply chains, reducing costs while managing quality, and fostering strong partnerships.

How can procurement harness synergistic processes to meet cost reduction targets? How Collaborative Process Improvement Can Help Procurement Optimize Cost Reduction offers a road map for collaborative process improvement (CPI) — a structured approach to identifying cost-reduction opportunities by joining forces with suppliers.

What’s Inside:

• The importance of a CPI framework for collaborating with suppliers on cost-reduction
• Why you need cost-reduction initiatives built on mutually beneficial opportunities
• How a CPI approach enables organizations to leverage suppliers' expertise early