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Procurement Assessment Offers Opportunity for Cost, Value Improvements By Chris Windfelder

All companies buy services and goods to achieve their business objectives. Conducting a procurement assessment gives an organization the tools necessary to reduce costs and foster value. The process enables companies to prevent overspending of assets and use the funds for more profitable purposes.

While procurement assessment includes audits of costs for materials and products, it also examines practices and procedures to isolate inefficiencies that increase costs. The process uncovers such issues as the purchase of excessive or unnecessary products, goods ordered at too high a cost, undelivered products, and materials received in unacceptable condition. Companies often correct procurement deficiencies by effecting new rules that mandate competitive bids or quotes for contracts, enhanced oversight, and coordinated purchasing strategies. A focus on best value over best price ensures that dealings with low-cost—but unreliable—vendors do not interrupt business momentum.

About Chris Windfelder: With considerable experience in business processes, Chris Windfelder conducts audits of corporate practices and costs. In his capacity as a Director of A.T. Kearney, Inc., he specializes in the development of strategies that facilitate improved productivity and profitability. Chris Windfelder manages projects for clients in such industries as health care, consumer goods, and pharmaceuticals.

The Wide-Ranging Field of Project Management

The title “project manager” may seem obscure and abstract to those outside the field. What does a project manager do? What sorts of projects might project managers manage? The field of project management is complex and calls for a wider variety of skills than most careers in the corporate world. According to Chris Windfelder— a professional project manager must have expertise in organizing large groups of people, managing large volumes of data, securing resources for the project at hand, and delivering high-quality results by established deadlines. Due to the broad range of projects that require skilled management, many project managers specialize in particular industries or functions.

Chris Windfelder identifies the most important aspects of project management as leadership, planning, and focus on goals. These skills must be learned through extensive experience in a given area, because the ability to outline appropriate goals and to speculate about a project’s budget are exclusive to the specific field in which the project manager is employed. For example, Chris Windfelder’s extensive experience in distribution environments enables him to offer quick and thorough planning and timely implementation transformation campaigns for both large and small companies.