Procurement savings with cost reduction and managing risks

Description:

The image showcases a PowerPoint slide titled "Procurement Savings with Cost Reduction and Managing Risks." It features a circular infographic with four segments, each corresponding to a key aspect of procurement savings and risk management:

1. Cost Reduction: 

Denoted by a percentage of 79% and a money search icon, signifying the primary goal of procurement savings.

2. Managing Risks: 

With a 57% indication and a lock icon, emphasizing the importance of risk management in procurement.

3. Launch New Product and Services or Expanding into New Markets: 

Shown with a 52% tag and a rocket ship icon, relating to growth opportunities through procurement strategies.

4. Increasing Cashflow: 

Illustrated by a 48% mark and a financial graph icon, highlighting the financial liquidity aspect of procurement.

These elements are integral to a procurement strategy that focuses not only on reducing expenses but also on managing potential risks and investing in growth opportunities.

Use Cases:

Here are seven industries where these slides can be particularly relevant:

1. Automotive:

Use: Cost reductions in parts sourcing and managing supplier risk.

Presenter: Supply Chain Director

Audience: Senior Management, Procurement Team

2. Pharmaceuticals:

Use: Managing risks in the drug procurement and launch of new drugs.

Presenter: Procurement Manager

Audience: Compliance Officers, Strategy Planners

3. Technology:

Use: Investment in R&D for new products and controlling IT procurement costs.

Presenter: Chief Financial Officer

Audience: Investors, R&D Managers

4. Energy:

Use: Managing risks in procurement of energy supplies and investing in renewable sources.

Presenter: Operations Manager

Audience: Energy Analysts, Investment Managers

5. Retail:

Use: Streamlining inventory costs and expanding into new markets.

Presenter: Chief Operating Officer

Audience: Marketing Team, Finance Department

6. Construction:

Use: Cost reduction in materials procurement and cash flow management for projects.

Presenter: Procurement Specialist

Audience: Project Managers, Financial Analysts

7. Hospitality:

Use: Reducing costs in service procurement and managing risks in new service offerings.

Presenter: General Manager

Audience: Department Heads, Financial Planners