Every company who wants to have control over its spend & supply chain should have procurement management in place.
Every pound the company saves in procurement goes directly into the P/L bottomline and adds pounds to the profit. Great procurement management systematically looks for savings from the whole supplychain, providing the company with a competitive advantage.
Manage supply risks
procurement management requires every category of spend and all suppliers to be analysed. Each existing supplier is evaluated separately for quality risk, financial risk, availability risk, and level of cooperation. Once the risks are identified, you can then take action to avoid or mitigate the risk.
procurement management is not a one-time project or initiative; it is a continuous cycle of activities. Our team at Pro Outsourcing will keep an eye on category and supplychain performance. With every subsequent cycle, they can go deeper to find additional opportunities to bring value to the company.
Get more value out of procurement
procurement management does not mean you are looking solely for quick cost cuts. Every action taken during the procurement management is evaluated using the following criteria:
Does it provide more value at the same cost?
does it decrease operational costs?
does it increase operational speed?