Introduction
The current business environment is unpredictable — challenges and volatility have set the stage for businesses to acquire or to get acquired. With every corporate merger or acquisition, the enterprises involved must overcome a variety of process- and operations-related obstacles, and optimally put to use the procurement best practices of each individual organization to take the combined entity to the next level.
Mergers and acquisitions are all about realizing synergies between the enterprises involved. Procurement can make a very substantial contribution in this context by executing a well-planned, M&A-focused sourcing program. This paper details four critical parameters necessary to create and sustain synergies between the enterprises involved, and highlights key strategies for success of the larger enterprise.