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To calculate the opportunity lost through inefficient procurement, we've modelled the typical methods used at each procurement stage, measured the execution time per trade, and multiplied this by the annual number of projects. Using this baseline we can calculate the current cost of procurement, and compare that with the potential cost, were processes optimised.
Another critical cost-drain in procurement is the risk you're exposed to if using outdated processes. Based on their average rate of incidence, each risk can be assigned a rating, and the bottom-line impact of each risk can be calculated. Because you can mitigate or eliminate many of these risks by going digital, your potential cost savings can be calculated.
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“ProcurePro is a no-brainer. For a small annual subscription, the returns you get are significant. I don't know of another product, software or service in the industry at the moment that gives you such a return on investment.”
Find out how your project teams could be procuring 50% faster.
