Michael's M&A Playbook: Synergies in Purchasing
Post-merger integration is a crucial time in the M&A process. It makes M&A transactions successful or not. One of the important topics for synergies is the purchasing function. Companies can achieve savings of 5% or more in their annual spending if they approach it correctly. Use the power of higher volumes, improve supplier selection and relationship management, utilize economies of scale to invest in the IT infrastructure, and find the best negotiators. You can make it work whether you have a centralized or decentralized organizational structure. Have fun reading more about those topics in my article.
Michael's M&A Playbook: 5 Tips for Successful Change Management
There will be change. That’s for sure in the post-merger period of an M&A deal. The better we manage those changes, the more successful the integration will be. Change management is a crucial element in this integration. Focus on the reasons for the change, include people from different areas and companies, and focus on the opportunities. You will not only make the integration successful, but you will also have created an approach that works in the future when you need to implement other changes. Have fun reading my article with more ideas on how you can make change management successful.