Financial planning includes the ways and methods by which the company's objectives will be achieved. Concluding contracts for a certain period of time is one of the most important opportunities for efficient financial planning.
The advantages of concluding a contract between the parties are:
• Competitive prices negotiated once for the entire range of products required by the customer
• Optimizing the working time spent with the acquisition and logistics of the necessary products
• Optimizing the additional costs generated by multiple purchases from various suppliers
• The time elapsed between the launch of the order and the entry into possession of the necessary products is considerably reduced
Procurement plays an important role in every company, representing a complex process that needs integrated packages of solutions from a single supplier in order to streamline its daily work and optimize costs, thus contributing to increasing the company's profitability.