Tactical buying as a transformational cost lever in high-tech: Surprising opportunities and savings
While Chief Procurement Officers (CPOs) remain under relentless pressure to show sustainable savings, most procurement organizations overlook the bottom of the spend food chain. Tactical buying is an opportunity for procurement organizations to transform the way they approach lower-end spend for game-changing results. Building these capabilities and realizing the value of tactical procurement is made possible by advanced “target operating models,” which are a combination of targeted Human Resources (HR) and organizational design practices, advanced metrics, appropriately used sophisticated analytics and focused, process-driven technology.