Procurement Services

Procurement organizations are becoming value added departments in companies by playing a stronger, more strategic role. Procurement groups understand the value of cost reduction and some companies are even utilizing purchasing as a way to generate revenue. On average, purchased spend amounts to nearly thirty percent of a company's revenues. This is a target rich environment for opportunities in cost reduction. Better spending habits and improved supplier relationships increases shareholder value. Obstacles to best in class procurement include little or no insight into spending with suppliers, labor intensive procurement processes, lackadaisical sourcing approaches, and a scarcity of well trained procurement professionals.

• Procurement Assessment. A comprehensive review of your procurement organization for best practices and potential weaknesses. Results in opportunities for improvement and potential implementation recommendations.
• Strategic Sourcing. A structured approach to conducting spend baseline, selecting procurement approaches, developing the bid, analyzing bid responses, and supporting supplier negotiations for chosen commodities and/or services.
• Business Process Outsourcing. Procurement is oftentimes not a core competency and external expertise can bring proven experience and strategies. Outsourcing one or more procurement initiatives can lead to cost savings.
• Spend Analysis. A detailed analysis of how your company is spending its financial resources. Spend can be segmented by supplier, by commodity, by department to highlight problem spending.
• Procurement Training. To support your organization’s current procurement projects, training can be added as necessary to incorporate expert tools and approaches for effective purchasing.