Our experience shows that the combined business effects of running both a source- and procure-to-pay program deliver cost savings ranging from 4-8% of the total purchasing value.

Purchasing insight

Succeeding with the purchasing agenda may well be one of the most significant steps any organisation will take in the coming years. It can be the key to success in our global economy; sourcing the best suppliers in remote locations, generating savings through compliance with corporate contracts and accelerating the delivery of bottom line results.

Depending on the business segment, the total purchasing costs can amount to 40-60 per cent of an organisation’s total revenue. Our experience shows that the combined business effects of running both a source- and procure-to-pay program deliver cost savings ranging from 4-8 per cent of the total purchasing value.

Insight into the state of efficient purchasing

Though the initial rush of a successful sourcing event might seem like winning the world championship, unless combined with a strong procurement initiative the savings identified will never materialise. And the same goes for any successful compliance initiative, without good sourcing you end up paying too much, even though your organisation is compliant and acting in line with the corporate contracts negotiated.

Different companies face different challenges and in this section we will continuously publish insights into new trends and developments in purchasing, as well as highlight the key issues at hand which in effect determine the success or failure of different purchasing agendas.

Purchasing insights

June. 2008 IBX Value Assessment Identifies the Potential of Purchasing

June. 2008 CPO Challenge part 4: Closing the procure to pay loop

Mar. 2008 CPO Challenge part 3: Selling eProcurement to your organization

Dec. 2007 IBX transaction growth confirms e-procurement trend

Dec. 2007 CPO Challenge part 2: Get your group wide sourcing done

Sept. 2007 The CPO Challenge

Sept. 2007 Managing risks and ensuring supply

June 2007 The priorities of the modern purchaser

June 2007 The case for local low cost sourcing

Mar 2007 The complexity of purchasing

Nov 2006 Succeeding with change management

Oct 2006 To Source or to Procure, that is the question

Mar 2006
Make buy – the correct strategy for eProcurement?

IBX in brief

IBX is Europe’s leading provider of efficient purchasing solutions. IBX provides purchasing expertise, scalable on-demand solutions and managed services for sourcing and procurement. IBX supports large and medium sized organisations in transforming their sourcing, procurement and payment functions, enabling them to quickly capture spend and deliver measurable savings.

IBX operates out of seven offices across Europe; Stockholm (hq), Copenhagen, Oslo, Helsinki, Frankfurt, Paris and Oxford.