HOW CAN I PROVE VALUE BY INVESTING IN SUPPLIER MANAGEMENT?
Whilst the definition of "value" varies from one organisation to another, operating in a commercial world requires a demonstration of tangible, commercial value to shareholders and business owners. However, the best supplier management programmes go beyond this, incorporating other forms of value that connect to the business's broader objectives.
Before investing, the main question C-level executives want an answer to is what value can be gained from a supply management technology program?
At State of Flux, we're no strangers to this question. The journey to investment begins with a value proposition, the basis for creating a business case to secure executive buy-in and therefore access to required resources. So whether you're just beginning your journey or whether you're ready to start delivering tangible and transparent value, in all its forms, we have the resources to help secure an investment in supplier management.
Non-financial benefits include:
54% Reduction in supply chain risk
48% Improvement in quality and service
40% Increase in supplier innovation and improvement
Webinar - Laura Lee, Essex County Council
Find out how local government work with their suppliers and take them on the supplier management journey with them.
Webinar - Nick Hyner, State of Flux
See how a value proposition and business case can help you convince C-level executives on the value of supplier management.