Optimizing procurement process while redefining the procurement practices and optimizing spend.
 

Expected benefits

• Shortened source-to–pay lead time
• More efficient procurement processes
• More effective procurement resulting in less errors and on time procurement
• Better spend visibility and control
• Cost reductions in targeted spend categories
   

Key deliverables

• Streamlined procurement processes and improved data management and analysis
• Documented and standardized procurement processes and policies across the organization
• Supplier category profiles
• Sourcing strategy
• Supplier performance scorecards and reporting
• Cost reduction initiatives aiming to optimize procurement spend and achieve savings targets
   

Main activities

• Understand the business strategy and current procurement situation
• Source-to-pay process mapping and optimization
• Source-to-pay automation and visualization
• Develop supplier category profiles
• Develop sourcing strategy
• Generate supplier portfolio
• Select implementation path
• Negotiate and select suppliers
• Execute the agreements 
• Optimize the overall spend and sustain the results