What is the main goal of removing waste in procurement and supply?

The main goal of removing waste in procurement and supply is to improve efficiency. This concept revolves around streamlining processes and eliminating unnecessary steps that do not add value to the product or service delivery. By focusing on efficiency, organizations can reduce costs, minimize delays, and enhance their overall operational performance.

Improving efficiency often leads to faster turnaround times, better resource utilization, and ultimately a more agile supply chain that can respond to market needs effectively. This creates a competitive advantage as it allows businesses to deliver products and services more reliably and at a lower cost, aligning resources with demand more effectively.

While increasing profit margins, enhancing competition, or expanding service offerings are important aspects of organizational goals, they are often achieved as a result of improved efficiency. Therefore, the core objective of eliminating waste is fundamentally about making processes more efficient in the procurement and supply context.