Understanding the basics when it comes to pharmacy benefits management (PBM) can provide insight for procurement managers trying to find cost savings in unfamiliar territory.
All day the workers in your facility are on your floor, working on it, stepping on it, running machines on it, storing equipment and inventory on it, possibly driving necessary vehicles across it. With all of this heavy use, it can be easy to overlook, and dangerous to ignore, necessary precautions.
Maintaining relationships with multiple vendors can be tricky, especially when you have different vendors servicing different locations. There are several key benefits to consolidating your suppliers that will make purchasing less complex.
Developing alignment with your internal stakeholders can be difficult, take a lot of coordination and be complex. Stakeholders tend to think procurement is not focused on finding the right solution with a partner they can trust, but rather focused only on expense management. Procurement however is much more strategic in their approach and goals. In order to begin alignment with end-user stakeholders procurement needs to start with the right discovery questions.
These 6 questions will help procurement take the lead in starting the conversation.
Read through these six questions you can ask to better align your procurement activities with your IT team’s initiatives. Alignment can be as simple as starting the conversation down the right path.
$500 billion is spent annually on MRO (maintenance, repair and operations) in the U.S, making MRO a target category for procurement to manage. Approximately 30% of MRO spend is on non-inventory industrial purchases; the other 70% is committed to MRO inventory.