How do you know when you’ve reached the best deal? We’ve found the average-sized business has anywhere between four and 10 substantial supplier agreements needed to keep their organizations operating. The bigger the business, the larger the number of vendors. The more vendors, the more demands on procurement specialists challenged with negotiating these contracts – often with limited visibility or familiarity.
Since the economic hardships of the 2008 financial crash, it’s fair to say the United Kingdom’s businesses and economy have rebounded well. Yet, both old and new obstacles to a healthy P&L persist, while businesses seek to thrive in competitive markets and preserve a healthy work culture for employees.