Fact

The management of efficient product or service sourcing, on a timely basis, and at a price that an organisation depends upon to ensure its competitiveness has traditionally, and properly been the remit of, what was once called Purchasing, however nowadays carries the much more dynamic sounding title of Procurement or more holistically Supply Chain Management (SCM)  

Good supply chain management is seen as possibly THE key driver of organisational success; being in the middle of or central to, the ongoing success of the business.

Organisations are recognising the strategic value of SCM as a major player in providing the right products, in the right quantities, at the right time, of the right quality, in the right place and at the right cost, thus ensuring right management of company resources.

Getting this wrong can cost the business both fiscally and  reputationally.

Do You Know?

How many of you actually know how much you spend annually on products and services, or how it is spent, in comparison to, say, data on sales turnover or staff salaries?

Have you ever considered that a professionally structured SCM organisation or approach can much more readily contribute to your bottom line profits than what your sales organisation shall require to do to generate similar profit contributions?

For every £1 saved by SCM and added to bottom line profits could require equivalent sales increase of anything up to £10, just to maintain similar net profit margin.