Procurement Consultants
Procurement takes up a huge part of the supply chain budget. Getting it wrong hurts the bottom line!
We’re here to help you identify and fix your procurement issues so your supply chain runs smoothly.
The Challenges of Procurement
In most businesses procurement takes up 60% of the Supply Chain budget. That’s a lot of money, so it’s perfectly reasonable to try to keep procurement costs as low as possible. The challenge with cost saving measures in procurement is do so without lowering customer service because less customer satisfaction translates into less sales.
When a procurement process is not working as it should be, the typical issues you’ll see are things like redundant purchases and a lack of control over the process. As a procurement consulting firm, we offer a broad range of customised solutions that are bespoke to your company’s issues, which will be carefully crafted to ensure sustainable results.
The Most Common Procurement Issues We See
Poor visibility of spend
To track where the money is going in your company, you need transparency and visibility. Our procurement team will help you get visibility on your spend across your organisation, and we can also look to implement tools and governance that allow you to track and analyse spend in real-time. This includes gaining an insight into your spend patterns so you can see where to save, negotiate better with suppliers and make informed decisions that align to your strategic sourcing objectives.
Inadequate cost control
Reducing cost is at the heart of supply chain optimisation, and we can help you control costs by developing procurement strategies that are tailored to your needs. Our category expertise means that we have experience in navigating complex markets and implementing cost management techniques, which we can use to help you control your costs. We will help you create processes for specification development, supplier evaluation and contract negotiation.
Too many suppliers for a commodity or service
Having too many suppliers is a really common issue that we see with companies, and our procurement consultants can simplify your supplier base, reducing complexity and cost. We do a deep dive to identify duplication and consolidate suppliers where possible. By taking a strategic approach to sourcing we help you build stronger relationships with key suppliers, leverage your buying power and negotiate better terms.
Compliance challenges
Having compliance problems? We resolve compliance issues by creating and implementing robust procurement governance frameworks. Our consultants will create policies and procedures to ensure compliance with regulatory requirements and internal standards. We’ll train your procurement team to navigate complex compliance landscapes. Our solutions will mitigate risk, avoid penalties and ensure ethical procurement across your organisation.
Wasted resources
Our procurement experts will help you get rid of waste in your procurement process. We’ll review your current ways of working to identify the inefficiencies and implement lean procurement practices. By streamlining the tender process, workflows and technology we’ll save your team time and reduce unnecessary costs. Our solutions will ensure your procurement resources are working to deliver value to your business.
Excessive costs
We tackle procurement costs with a holistic approach. Our consultants will conduct a deep dive spend analysis to identify areas of overspend and opportunities for savings. We’ll help you evolve your procurement strategies, using market intelligence and our sector expertise to get better pricing. By implementing strategic sourcing and optimising your supplier relationships we’ll reduce costs without compromising quality and service.
SME Inventory Management Audit
Our SME Procurement Audit is designed to identify your major procurement issues and provide you with the guidance and a roadmap to better performance.
Conducted within 2-3 weeks at a cost of under $10,000 + GST, our approach will give you the following benefits:
- Procurement spend analysis to establish which suppliers should be managed in different ways. (We show you three different supplier management approaches to use.)
- Supplier performance analysis to identify which suppliers need improvement.
- A tailor made Key Performance Indicator report to manage supplier relationships moving forward.
- A customised roadmap to improved supplier performance.
- A review of receipting processes in the warehouse (to ensure stock is available to sell faster).
- A 2-hour workshop with selected staff to explain and impart the performance improvement roadmap.
- Membership to our 12-month online Supply Chain Education Program (valued at $800) for up to four staff.