Procurement can assist in specifying requirements by providing information on hidden costs, qualifying suppliers in advance, and identifying potential problems.
CAPEX - How to reach your goal!
Editorial
Dear readers
I would like to welcome you to our newly designed magazine. In the future, we would like to offer you even more and clearer information from procurement and supply chain management: Expert knowledge, success stories and innovative solutions from the industries in which you operate. When it comes to Capital Expenditures – CAPEX, there is often a lack of overview: Just as ships and airplanes are said to have disappeared in the Bermuda Triangle, companies lose effort, efficiencies and, not least, lots of capital under seemingly mysterious circumstances.
Why is this happening, and what can you do about it? In our cover story, we take a closer look.
Risks arise during major investments, but also in ongoing business. It is important to identify risks in good time and define countermeasures. In our annual risk management study, we look at how companies deal with risks – and we’ve summarized for you the concerns that are currently driving decision-makers.
If service providers do not do what the customer expects of them, this may be due to home-made problems, we found out in an expert survey. You can find out what you need to find suitable service partners and manage them optimally in our article on contractor management.
It’s not just the customer magazine that’s evolving – we’re also expanding our consulting services: By expanding our management team and adding new locations, we are moving closer to our customers in Scandinavia and the UK. Read more about the new INVERTO heads and locations in the company news.
Transparency as the key to success
When procuring capital goods, companies often miss budget and time targets. By involving procurement in planning and organization at an early stage, these targets can not only be met, but in some cases even undercut.
It is noticeable that OPEX procurement has reached a high degree of maturity in recent years and is often very professionally organized. However, the procurement of CAPEX requirements is often only marginally taken care of by the procurement department. This can lead to companies negotiating very intensively for OPEX requirements, while millions are sometimes given away for CAPEX.
Procurement can assist in specifying requirements by providing information on hidden costs, qualifying suppliers in advance, and identifying potential problems.
