Lean Management applied to procurement departments
Lean Management is ideally suited to Class C purchases, also known as long tail spend, where up to 70% of hidden costs are incurred*. Because these indirect expenses sometimes exceed the face value of the product, this becomes a real problem in any business.
The challenge with this type of purchase is to optimise the total cost of ownership (TCO). By combining Lean Procurement with an agile approach, to improve responsiveness and further strengthen the customer voice, procurement now has all the tools it needs to face the business challenges that lie ahead.
In this free white paper, our experts explain:
The history, principles and tools of Lean Management
The value creation factors within the supply chain with Lean Procurement
A methodology inspired by a so-called "Lean-Agile procurement" approach
* Source : Manutan group