Efficient procurement strategies for SMEs

In an increasingly globalised and volatile economy, small and medium-sized enterprises (SMEs) face the challenge of making procurement efficient and resilient. Price is only one factor: quality, reliability and supply-chain sustainability are equally important.

A proven approach combines systematic supplier selection, digital tendering and targeted direct imports from Asia or Eastern Europe. Consolidating purchasing volumes and negotiating with clear objectives can unlock savings of up to 15%.

McKinsey also recommends building long-term partnerships and using digital supplier-assessment tools. Source: McKinsey & Company, ‘The Future of Procurement in SMEs’, 2023.