Can companies really afford not to train their employees?

A recent study by a leading institute in Contract Management calculated that over 9% of costs were actually a result of poor procurement and contract management.  These figures are not just for the large companies but to the smaller ones as well.  9% may not seem a lot at first glance but do the math and the figures soon add up.  Good procurement training and contract management will not just overcome these problems but there is also a host of other benefits as well.

The cost of training as a whole is a far smaller percentage than the 9% of extra costs that companies may incur as a result of poor practices.

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