Hey everyone, I’m looking for advice on centralizing procurement. The company I work for is starting to struggle with over-ordering, and we’re also missing some bulk discounts because different teams are ordering separately. I’ve heard that centralizing everything could fix this, but I’m not sure if it’s really worth it. Can someone explain the benefits and if it actually saves money?

Centralizing procurement can definitely help with the issues you’re describing. When all orders are made from a single platform, it becomes easier to track what’s being bought and avoid duplicate purchases. Plus, consolidating orders usually gets you better pricing because suppliers appreciate larger, more consistent orders. It can simplify things and lower costs.

A colleague of mine mentioned they centralized everything a while ago, and it saved them a lot of time and money. I remember reading an article about how centralizing your procurement system can not only streamline the process but also help with supplier relationships. I ended up reading about this soft and it really helped me understand how centralization can work in practice.