While it is crucial for businesses to understand how they are sourcing materials and to manage spend effectively, it turns out there is a lot of confusion around the procurement process, according to a recent Google survey conducted by AmeriQuest Business Services.
“When there is confusion about procurement procedures, a company is not as profitable as it could be,” said Reginald Peterson, director of indirect products at AmeriQuest Business Services.
“While on the surface procurement may appear to be a simple task, it is crucial for companies to have a knowledgeable and experienced procurement department, versus assigning procurement responsibilities to administrative professionals,” Peterson added. “The survey results show that in too many instances this is not the case.”
