Question: The cost-down programmes that have been set up over the past few years by many large companies have resulted almost without exception, in large purchasing

The cost-down programmes that have been set up over the past few years by many large companies have resulted almost without exception, in large purchasing cost savings. Impressive savings have not only been reported in the area of production-related buying but most certainly also in the area of non-production-related buying. In light of the statement provided, reflect and discuss how the procurement function can generate cost savings for an organisation.

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