Strategic Procurement
Procuring goods and services is a core function of sustaining and growing your business. Effective and sustainable accounting practices will often lead to a better performing inventory. For example, implementing a system that analyses reports on a daily basis against inbound and outbound product
will help capture order or stock discrepancies - it also identifies the relevant cost or product driver.
This encourages transparency across the supply chain.
Strategies to strengthen your business functions include:
- e-procurement
- e-sourcing
- budget analysis for manufacturing and services industries
- just-in-time and lean methodologies
- materials requirement planning and manufacturing resource planning
- supply chain management
- life cycle costing
- triple bottom line analysis
