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Purchase Strategy

Does your department make repeat purchases frequently? Do you sometimes simply process them the same as last time? You may be missing out on chances to reduce the price paid, achieve better contract terms and satisfy your internal stakeholders. Planning ahead using ProcurementIQ research will allow you to secure discounts, reduce total cost of ownership, negotiate effectively and reduce risks for your organization.

Use ProcurementIQ procurement reports to assess each repeat purchase as a new opportunity and watch the successes pile up.

Category Strategy

If you buy multiple products and services across many departments or service lines, you may be able to group those purchases into categories to get better pricing and contract terms. Could you buy goods in bulk and use them for many departments? Do you purchase products and services from multiple vendors, when you could instead consolidate them to one or two suppliers? Our comprehensive category research reveals ways to streamline your process and save you time and money. You also reduce risk by developing strong relationships with key vendors and having a more in-depth understanding of your upstream supply chain.

Department Strategy

If your company does not have a well-defined procurement process, you probably feel you’re brought into the buying process too late to affect real change in saving time and money. Using ProcurementIQ category research to demonstrate your department’s value can help you lead the charge to having a seat at the table with other departments. The bulk of savings opportunities are found in the initial phases of the buying process, so transitioning your department from reactive and tactical to proactive and strategic can result in real value for all levels of the company.

ProcurementIQ information can help you get there.

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More Info

Download a PDF summary that outlines how ProcurementIQ reports assist in each stage of the Procurement Process, from needs assessment and planning all the way to negotiation and integration.

Procurement Insider

The ProcurementIQ Procurement Insider is your go-to resource for timely and relevant procurement news. Dive deeper with topical analyst insights, infographics, top 10 lists and other information to help you identify opportunities and make smarter purchasing decisions. Also, check out our Client Q&As to find out how others in your industry are using ProcurementIQ procurement reports.