They will work alongside you to perform analysis of your current sourcing process, and help you to identify and implement opportunities for measurable improvement, looking specifically at:
Cost of ownership – Providing a full overview of costs over a product’s lifecycle, including those that may not be initially obvious.
Strategic sourcing – A full review of key suppliers’ delivery, looking at true pricing, supply locations, warranties, workflows, and components.
Process and capability improvement – Analyzing data on process and capability, including the procurement function, internal processes and tools, and staff capability, to highlight areas for improvement.
Demand management – Reviewing what drives need within a business, highlighting unnecessary demand and opportunities to scale down procurement costs.
Category management – The segmentation of spend into different categories, allowing for consolidation and making it easier to create a long-term procurement strategy.
3rd party cost reduction – Combining data analysis and expert knowledge to set clear spend benchmarks, identify savings opportunities and support supplier negotiations.