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Executive Summary
Enterprise procurement organizations are in a uniquely advantageous position, due to their enterprise-wide responsibilities, to better manage capital expenditure (CAPEX) purchasing.
Valuable techniques – such as consolidating spend across projects with multi-year/multi-project contracts, facilitating joint specification improvement and fleet-wide asset management can reduce one-time and TCO costs dramatically, saving 25 percent or more than typical one-off purchases.
But to optimize potential savings, enterprise procurement teams can and should develop six specific capabilities, focused on building process consistency across business units, integrating spend and supply market knowledge into procurement decisions, and managing suppliers.