The Retail industry operates on a very thin margin and has to keep up with #procurement #bestpractices in order to maximize profits, Being fiercely competitive the financial impact of enhanced procurement in the retail and consumer sectors is huge. Operating on tight profit margins, thereby, making the task difficult.
The procurement department needs to be highly efficient in creating a seamless value-added experience for customers. They need to devise effective sourcing and purchasing strategies to achieve marginal savings, boost ROI, and gain more profits to add to the overall revenue.
our team have been helping brands across these sectors to:
Identify, quantify and prioritise cost saving opportunities
Run programmes of structured terms negotiations with branded suppliers
Source own-label and B-brand products and ranges
Achieve significant profit improvement through indirect spend procurement cost reduction
