Strategic procurement professional at IBM Indonesia
Despite their differences, corporations share similarities when it comes to purchasing items to support their operations, such as IT networking and building management. Looking closely at those needs, procurement stands as a facilitator to get the requirements that companies have to fulfill.
Some say, however, that procurement is an opportunity to increase margin, while some others call it a potential silent killer of company profit.
During project deals, most companies focus on revenue generation, but lack attention to controlling total costs of ownership. Owing to its nature as a blind spot, the potential threats, including fraud, might not be easily identified for various reasons.
According to the Corruption Eradication Commission (KPK), procurement is the second-most vulnerable field to corruption in the country, as evide...
Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.