Is your U.S.-based organization struggling to procure workplace supplies—cleaning, breakroom, and office supplies; PPE; and more—for its European offices for any or all of these reasons?
- Dealing with regulatory differences – Regulations and legal requirements regarding procurement vary from country to country. Companies must also account for any rules related to foreign trade agreements or other regional policies that may affect their operations.
- Navigating unfamiliar cultures – Language barriers and cultural differences can pose communication challenges and make establishing effective supplier relationships harder.
- Calculating costs with foreign currencies – The U.S. dollar’s fluctuating value against the Euro and other currencies can make it difficult for companies to accurately estimate the cost of Europe office procurement.
- Overcoming inefficient dealings with multiple suppliers – Coordinating and managing multiple suppliers in different countries, across different time zones, can make maintaining consistent, timely delivery of supplies a challenge.
- Lacking visibility into global office supply chain spending – Even domestically, limited visibility and non-centralized reporting of spend causes procurement managers plenty of headaches: increased costs, lost potential savings opportunities, and non-compliance with policies and regulations. Working without full cross-border transparency only compounds such problems. Furthermore, with no clear understanding of spending across different regions, companies face challenges in negotiating favorable contracts and leveraging volume discounts.