We have surveyed hundreds of top procurement professionals in Australasia to identify where the next wave of procurement savings will come from.
When we think of generating savings, many of us automatically think of simply paying less for goods and services: whether we’re talking about tenders, volume aggregation or minimising contract leakage, this tried and tested method of using spending power to beat down prices has delivered significant savings over the years.
But more and more, this ‘Pay Less’ strategy is delivering diminishing returns: our survey showed that organisations that only use Pay Less tactics could be missing out on anything up to a 122% increase in savings.
So where will the next wave of procurement savings come from?
Read on to find out how you can use the 3 advanced spend levers: “Buy Cheaper”, “Buy Less” and “Buy Smarter” to make a difference to your organisation’s bottom line today!
The basics
Grosvenor’s spend levers are grounded in what procurement folk call “Category Management”. We like to call it “good sense procurement”. Learn more:
- What is Category Management and why does it matter?
- Study: Are you a savings champion?
- Webinar: Stop paying too much!
What you can do today
Learn what you can do today to increase savings with our practical guides:
- Pay Less, Buy Cheaper, Buy Less and Buy Smarter: The 4 Spend Levers
- Are you a Savings Champion, Follower or Laggard?
- Public sector procurement: the next wave of savings
Like it more interactive?
Wonder how you are actually going? Benchmark your savings now or use our toolkit to make a head start:
- BENCHMARK TOOL: Are your procurement efforts on par with your peers?
- TOOLKIT: Don't miss out on more procurement savings. Use our savings toolkit.