Welcome Saturday, July 04, 2009
Value Creation
The term "value creation' can be a misnomer, but for procurement professionals it is simple: delivering additional value to the bottom line through new methods. The difficulty only lies in drawing that value out of the plethora of intangible drivers that you have to deal with.
Non-financial factors like innovation, people and ideas are difficult to quantify, rarely acknowledged in accounting methods and not adequately measured, managed or reported on by organisations. However, these are some of the critical sources of value that can be utilised by companies to improve their competitive advantage.
By making procurement work closely with other business functions it can drive flexibility, ultimately making it expandable to customer needs and creating value to the company's bottom line.
VALUE CREATION NEWS
- UK economy set to spring back into growth in 2010
Mon, 20 Apr 2009 08:04:26 - Far East giants announce expanded procurement alliance
Wed, 15 Apr 2009 07:37:14 - Short-termism could store up future problems, report warns
Tue, 07 Apr 2009 14:19:38 - UK manufacturing bounces back
Thu, 02 Apr 2009 07:44:03 - Korean technology giant targets $1bn savings
Thu, 02 Apr 2009 07:33:42
VALUE CREATION COMMENT
VALUE CREATION ARTICLES
- Profile: Esam Mousli, VP material supply, Saudi Aramco
Fri, 12 Jun 2009 08:16:51 - BAT’s Alan Scott-Watson’s £800m challenge
Fri, 12 Jun 2009 07:52:41 - Exclusive research: Procurement at board level
Fri, 17 Apr 2009 15:32:10 - Danfoss efficiency programme trims costs
Mon, 16 Feb 2009 10:34:00 - Roundtable: Knowledge is power
Mon, 16 Feb 2009 10:26:00
VALUE CREATION PRESENTATIONS
How cross-functional collaboration can help you to deliver year-over-year efficiencies and achieve Procurement Excellence
In C-level suites and boardrooms around the world, procurement is increasingly viewed as a strategic function. As CEOs and CFOs are coming to understand supply chain’s impact not only on the bottom line but in addition on the top line, cross-functional collaboration has never been more important.
Leading in uncertain times - keys to building a winning team
In a highly competitive industry, the key to growth is not how well a manager structures the present, but how well a leader engages the future and moves people forward with confidence.
VALUE CREATION OPINIONS
- Inside view: Let the cull begin
Wed, 22 Oct 2008 08:30:00 - Economic view: Your time is now
Tue, 15 Apr 2008 16:51:00 - Opinion: Information holds the key
Fri, 13 Jul 2007 10:18:00 - Opinion: Aim for the top to add real value
Wed, 02 May 2007 07:47:37
