How to get Procurement Savings to the Financial Statements?

Is there a way to find out to get Procurement savings to the Bottomline?

𝙄 𝙗𝙧𝙚𝙖𝙠 𝙢𝙮 𝙏𝙧𝙖𝙣𝙘𝙚
𝙏𝙖𝙠𝙞𝙣𝙜 𝙢𝙮 𝘾𝙝𝙖𝙣𝙘𝙚
𝘼𝙣𝙙 𝙍𝙤𝙢𝙖𝙣𝙘𝙞𝙣𝙜❤️🥰 𝙬𝙞𝙩𝙝 𝙁𝙞𝙣𝙖𝙣𝙘𝙚

But I found a disconnect here. Both Procurement and Finance view savings differently:

𝙁𝙤𝙧 𝙋𝙧𝙤𝙘𝙪𝙧𝙚𝙢𝙚𝙣𝙩:

𝙎𝙖𝙫𝙞𝙣𝙜= (𝙃𝙞𝙨𝙩𝙤𝙧𝙞𝙘𝙖𝙡 𝙋𝙧𝙞𝙘𝙚 – 𝙉𝙚𝙬 𝙋𝙧𝙞𝙘𝙚) 𝙓 𝙁𝙤𝙧𝙚𝙘𝙖𝙨𝙩 𝙑𝙤𝙡𝙪𝙢𝙚

𝙁𝙤𝙧 𝙁𝙞𝙣𝙖𝙣𝙘𝙚

𝙎𝙖𝙫𝙞𝙣𝙜 = 𝘽𝙪𝙙𝙜𝙚𝙩𝙚𝙙 𝘾𝙤𝙨𝙩 – 𝘼𝙘𝙩𝙪𝙖𝙡 𝘾𝙤𝙨𝙩

So how to align Procurement and Finance?

By forging a love affair 💕 ❤️ 😀 between both by :

📈𝙁𝙤𝙧𝙢𝙖𝙡𝙞𝙯𝙞𝙣𝙜 𝙨𝙖𝙫𝙞𝙣𝙜𝙨 𝙢𝙚𝙩𝙝𝙤𝙙𝙤𝙡𝙤𝙜𝙞𝙚𝙨 𝙖𝙣𝙙 𝙖𝙡𝙞𝙜𝙣 𝙢𝙚𝙩𝙧𝙞𝙘𝙨 𝙤𝙛 𝙨𝙖𝙫𝙞𝙣𝙜𝙨 𝙬𝙞𝙩𝙝 𝙁𝙞𝙣𝙖𝙣𝙘𝙚.

📈𝙏𝙧𝙖𝙘𝙠 𝙧𝙚𝙖𝙡𝙞𝙯𝙚𝙙 𝙨𝙖𝙫𝙞𝙣𝙜𝙨 ( 𝙘𝙤𝙨𝙩 𝙨𝙖𝙫𝙞𝙣𝙜𝙨 + 𝙘𝙤𝙨𝙩 𝙖𝙫𝙤𝙞𝙙𝙖𝙣𝙘𝙚 )𝙖𝙣𝙙 𝙧𝙚𝙥𝙤𝙧𝙩.

📈𝙄𝙣𝙩𝙚𝙜𝙧𝙖𝙩𝙚 𝙩𝙝𝙚 𝙗𝙪𝙙𝙜𝙚𝙩𝙞𝙣𝙜 𝙥𝙧𝙤𝙘𝙚𝙨𝙨 ( 𝙗𝙤𝙩𝙝 𝙖𝙣𝙣𝙪𝙖𝙡 𝙖𝙣𝙙 𝙤𝙣𝙜𝙤𝙞𝙣𝙜 𝙢𝙤𝙣𝙩𝙝𝙡𝙮 𝙧𝙚-𝙛𝙤𝙧𝙚𝙘𝙖𝙨𝙩𝙨 𝙬𝙞𝙩𝙝 𝙖 𝙟𝙤𝙞𝙣𝙩 𝙨𝙖𝙫𝙞𝙣𝙜𝙨 𝙨𝙞𝙜𝙣-𝙤𝙛𝙛.

Here’s the Love Story of Procurement & Finance in the carousel.

Finance ended up having better control of the buying process and Procurement gaining a more thorough understanding of Finance.

LOVE ❤️ IS IN THE AIR 😀😊

✳ Hey there, it’s Onkar Gill
🔺 A Supply Chain Expert!
✅ Let’s work together to take the procurement game to the next level!”
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