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Anyone in eyp restructuring willing to refer?
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I’m pretty sure they get bonused on how slowly they move paperwork through
Beautifully said
Pro
They are primarily incentived on how much money they save.
This can be through:
- lower rates from suppliers
- reducing/shifting internal demand (for example, if you were in charge of pens you might take away the option to buy more expensive pens and only offer basic bic pens)
- making sure people adhere to policy
- various other levers
Allow me to elaborate. The procurement I deal with are involved in large scale transformative projects. Usually 6 or 7 figure investments that are multi year. How are they motivated? How are they measured? What makes them tick?
They need to show that they “negotiated”; got redlines accepted:longer payment terms,maybe got 1% more off price, etc
6 or 7 figures investments are not large scale. EY1 and WM1 had pretty solid answers for how they are measured/ incentivized