Procurement that makes impact
Modern demands upon procurement teams are many and varied, extending well beyond cost and into areas like sustainability, risk, and innovation. This means that procurement teams need to blend traditional procurement skills with incremental capabilities and solutions that enable them to connect with different stakeholders and do multiple different things well. Fall down on capability, and you fall down on trust and, ultimately, impact. However, budgets and resources are often tight, underlining the importance of designing and building the right capability mix.
“CPOs have to continuously align with shifting business priorities. Keeping functions optimized to meet these challenges is essential to make impact in the right places”
Putting capability at the heart of it
Over time, the role of procurement has evolved from one of pure sourcing into the more strategic and multifaceted function that we see today. In this period, we have built in category management approaches, designed business partnership models, and digitized processes. Now as we focus on areas like risk, purpose, and growth, we can think afresh about how businesses best interact with their supply networks and so the capabilities that are required in procurement.
- A strategy that is anchored to the priorities of the business and broken out into a more granular “how”
- Processes and data are optimized around the strategy, automated where possible, and optimized around UX.
- A blend of internal and external capability are used in a hybrid skills model that can flex to demands
With an average of 70% of a company’s revenues being spect with external suppliers, Cost Optimizations Services ensure best value is known, achieved, and mainted.
Building the right procurement model is not a one sie fits all. Capability Transformation Services help organizations to build fresh or upgrade existing procurement models to boost impact.
With supply chains key to achieving sustainability goals, Sustainable Procurement Services support CPOs and thier teams to consistently plan and achieve greater environment and social impact.
When organizations have specific projects or complex progrmas to execute, Specialists Support Services bring expertise on demand to cover capacity and capability needs.
