Collaboration between finance and procurement departments is essential for the long-term success of a business and to ensure that it’s achieving maximum ROI. With spending being one of the primary actions involved in procurement, there is quite a bit of importance placed on financial management. Improper handling of finances by a procurement team or officer can lead to a ton of problems, not just for themselves but for their suppliers and the businesses they procure for. However, it’s just not about how you spend money. Most of the time, it’s important to pay attention to every facet associated with procurement finances in order to maintain the quality of the supply chain.
Here is a glimpse of what the industry experts said:
We would like to thank all our expert speakers who participated in this tweetchat and shared their valuable insights.
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