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Strategic sourcing and vendormanagement. Procurement: The Underleveraged Engine of Value In many portfolio companiesespecially in sectors like manufacturing, healthcare, and consumer goodsprocurement can account for 5070% of total costs. Short-Term Wins: Cost Optimization Through VendorManagement The first step is visibility.
Prior to Honasa, he was also associated with Himalaya Herbal Healthcare, CavinKare, Phillips Lightning, and Havells India. With over 12 years of experience he specialises in P&L management, business development, online vendormanagement, and business planning or implementation.
Nationwide, former educators are starting jobs in sales, software, healthcare, training services and other hot fields, and more say they want to follow suit. Sometimes bumpy, their paths provide a lesson plan for others looking to leap from the classroom to the corporate world.
There are also opportunities in healthcare, where finding better methods for managing the flow of funds has become critical. For example, there’s an opportunity in the restaurant space to fix the payout of tips so that waitstaff can digitally true-up on tips every hour.
While eProcurement and vendormanagement technologies can help ease the friction, B2B trade doesn’t begin with the purchase order. Outsourcing to third-party logistics (3PL) providers is another trend likely to accelerate, he said, as organizations seek outside expertise to help consolidate inventory management operations.
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