Lean Procurement

Lean procurement involves the strategic design of a purchasing organization based on lean principles, encompassing various facets such as strategy, processes, structure, and personnel. The primary goals of lean procurement include the identification and implementation of best practices, the automation of workflows, the elimination of redundant activities, and the minimization of waste throughout the procurement process.

Key elements of lean procurement may include streamlining supplier relationships, implementing technology solutions for automation, and fostering a culture of continuous improvement within the procurement team. The overarching objective is to create a procurement process that is responsive, resource-efficient, and aligned with the broader goals of the organization.

Learn more about Ivalua's Procure-to-Pay solutions.