procurement benchmarking Content

Exploring A/P and Procurement Best Practices at P&G: Lesson 9

The penultimate lesson in this P&G series is that companies should use the right techniques and tools to make trade-offs and optimize value. Collaborative sourcing tools are key in maximizing value based on diverse stakeholder needs. P&G is certainly familiar with this approach through their experience with epic combinatorial bidding projects (e.g., in truckload bidding with CombineNet). This is true for any type of spending and even for procurement’s own spend for technology and services –