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Get more Value? Reduce Costs? Minimize Risks? Save Time? Improve Quality?

The role of the purchasing manager involves far more than simply managing procurement of the company’s supplies. Purchasing supplies is of course the responsibility of the purchasing manager, but this function requires very focused and comprehensive management of the entire supply chain, from beginning to end. He or she must optimize supplies, and not only in terms of price negotiations. Supplier relationships must be built with a long-term view.

Improvement of deliverables, ensuring compliance with the requirements of all stakeholders, exhaustive knowledge of the economic context, full control of internal logistics, cross-cutting analysis of the needs of various departments, ability to centralize information so that it can be redistributed more effectively and fully meet requirements and deadlines, an overview of the management of flows and stocks, quality control and safety management…

… all of these tasks place the purchasing manager at the center of the company’s operations. At all levels, the optimization of purchasing increases margins and, therefore, profitability, without compromising on the quality of products, as well as internal and external relationships.

This is why it is essential to continuously monitor procurement activities, while systematically assessing and challenging across four areas:

• Costs
• Delay
• Quality
• Contractual Conditions

How to get an actionable dashboard in Procurement?

Imagine you get in one report showing you the list of all your suppliers. For each of them, you can visualize the growth of turnover you gave them versus last year. Now compare it, within the same visualization with the growth of Unit Price during the same period.

You are now able to call the suppliers which did not align their unit prices on the new volume you have offered to them… and get a well-deserved discount.

Visit our gallery for additional data visualization best-practices on Procurement.