SPEND AND CONTRACT ANALYSIS
Sometimes just having an independent paid of eyes is enough to help you start the journey.
We can review your third party spend data and contracts and create a procurement strategy that is right for your business and will enable you to reduce your operating costs while improving your services.
This is also the first step towards bringing your costs under control.
COST CONTROL AND OPPORTUNITIES ASSESSMENT
Our consultants have many years of experience starting from base data and assessing how mature your cost control processes are.
We can then make recommendations for quick wins to stem the flow as well as implementing strategic best in class solutions for you to onwardly manage spend within your business.
We can also analyse the data and work with you and your key business stakeholders to identify opportunities to drive operational and capital expenditure savings while increasing the level of service you receive.
CATEGORY MANAGEMENT
Once your spend and contracts are understood, we will assess the data and recommend, based on your business, whether a Category Management approach is best for you.
If it is, we can help you implement it and train your teams on best practice Category Management.
In no time, your procurement function and stakeholders will be aligned when it comes to purchasing goods and services and the unity will help drive savings, efficiency and service improvement across your supplier base.
STRATEGIC SOURCING
Let us bring our experience of aligning business goals with a procurement strategy to support your Strategic Sourcing requirements.
Our consultants have negotiated with some of the largest and toughest suppliers in the business across multiple categories and industries.
Changing mindsets from tactical purchasing to Strategic Sourcing can be a difficult task so allow us to help guide the way.
SUPPLIER RELATIONSHIP MANAGEMENT
Strategic sourcing generally drives cost out of a contract or enhances the services provided as a result of good negotiation planning. However, industry guidance suggests that up to 60% of a contract’s value is lost if it is neglected once signed.
Implementing Supplier Relationship Management across your supply base will prevent that value being eroded and will actually optimise it.
Clearly, not all vendors are equal so we will work with you to categorise your vendors and implement a tiered framework of supplier management based on their criticality to your business.
CONTRACT AND COMMERCIAL MANAGEMENT
All too often a contract gets signed and then is filed away in a drawer and forgotten about.
Contract Management is vital to ensure that your agreements stay fit for purpose throughout the term and that your suppliers are acting in accordance with your agreement.
Whether it’s performing a contract risk review, tracking obligations on both parties, managing contract change control effectively, validating invoices or managing supplier performance through governance and MI, our contract and commercial management service will ensure that you extract the optimal value from your supplier contracts.
PROCUREMENT PROJECTS AND RESOURCE AUGMENTATION
Finally, if your requirements are more simple and you just need some procurement specialists to assist with a particular project, we’d be happy to help you there too.