Tips offered for quantifying savings from supply management
Most sourcing and procurement professionals know how difficult it is to accurately quantify the real value if their work. P. Fraser Johnson and Michiel R. Leenders, of the University of West Ontario and the Richard Ivey School of Business, respectively, recently have offered some excellent insight into that topic in a new article for MIT's Sloan Management Review. We will look at their recommendations on how to best overcome the challenges of accurately calculating the real value of supply management and the harm to companies from either under or over-estimating that value.
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