The Procurement Flextangle
What is the Procurement Flextangle?
Why did we create the Procurement Flextangle?
At Acquire, we often see companies using a very small number of procurement levers (commonly, “Volume Aggregation” and “Best Price Evaluation”) to reduce their costs. However, there are at least 16 other levers that they can use and not using them often means leaving “money on the table”.
We have been looking for different ways to get people thinking more about the way they procure and when we saw a Flextangle we thought, great, this would be cool!
Our hope is that procurement departments around the world have one of these Procurement Flextangles on their desk so that when playing with them it makes them think about each lever. Our other hope is that it is a way to engage, and possible educate, others in the business about the different procurement levers.
Step 1: Download & Print PDF
Step 2: Build the Procurement Flextangle
The video below aims to provide a step by step visual guide to creating the Procurement Flextangle.
Step 3: Understand each item
If you wish to know what each item means, go to http://acquireprocure.com/procurement-flextangle/levers/
Step 4: Love it? Share it!
Did you love it? If so, please share it on LinkedIn, Facebook, Twitter, email, anywhere and just copy & paste the web address. If you love hashtags, please use #ProcurementFlextangle.
Really love it and want to work together?
Are you looking for a Procurement Services firm who thinks differently and doesn’t just blindly follow the process? If so, please call us as this is what we do! Talk soon!