THE ADVANTAGES OF CENTRALIZING PROCUREMENT OPERATIONS

Chandresh is responsible for leading his digital automation venture, where he reserves the position of the Chief Executive Officer. He is a hands-on executive overseeing customer delivery & satisfaction besides planning the actions and supervising the firm's day-to-day operations.

Chandresh Sharma 
CEO 
Techpanion Solutions Pvt. Ltd

His unique array of skills include a commendable experience of 20 years in the field of process reengineering, shared services, integrated content services, and data analytics and insights. He has done an ECM masters from AIIM London and holds a bachelors in Engineering degree from Doctor Babasaheb Ambedkar Marathwada University. His professional strengths are data architecting, system integrations, and project management.

Procurement is a crucial function for any organization as it involves sourcing, P purchasing, and managing goods and services required for business operations. Centralising procurement processes can have several benefits because it is a complicated process that includes many players.

Centralizing procurement refers to the consolidation of all procurement activities under a single umbrella. To consolidate all procurementrelated activities under a single roof is to centralise procurement. It entails having a specialised team to oversee all the organization-wide procurement operations. Numerous advantages may result from this strategy, including increased productivity, better cost reductions, solid supplier relationships, increased visibility, and a reduction in menial tasks.