Article
Define saving to show value
It is important that procurement teams don't shy away from communicating their value in dollars-and-cents terms, but they should be precise in their language. One way to do this is to break down savings into cash-releasing and non-cash-releasing categories.
There is a growing interest in how procurement teams can most effectively communicate the value of the procurement function within their organizations. After the publication of the June/July issue of Government Procurement featured an overview of the 5 Steps to Communicating the Value of Procurement presentation at Forum 2014, Spikes Cavell received many new registrations for Measure, a tool provided for free to NIGP National Agency Members to record and report their procurement team’s value....
