- 10-30%
reduction in purchasing costs – 10–30% in the area of strategic purchasing.
It’s time for “yesterday’s” orders to go where they belong – to the past. Replace chaotic activities with rational planning. Thanks to efficient procurement process management, your company will save time and money and buyers will be able to focus exclusively on strategic activities.
Procurement processes can operate faster, more efficiently and with greater cost control. We analyse each stage – from identifying needs, through supplier selection, to contract management – and we identify areas where efficiency can be improved. The solutions we implement are adapted to the specific nature of the company and its processes, on the basis of proved optimisation methods. The results are measurable: lower costs, shorter lead times and more predictable purchases. Our approach allows for building transparent, smooth and safe procurement processes which support the entire organisation.
Depending on the industry and type of business, its needs will vary. Obviously, a manufacturing plant needs to purchase goods different from those bought by a service company. However, the main groups of purchases can be as follows:
Monitoring and managing procurement processes allows for precise planning of an enterprise’s material needs and controling its inventory. In turn, this allows for optimising purchasing costs.
Effective procurement management isn’t only about choosing the cheapest offer available. It also involves analysing market changes and making the best possible decisions. Factors you should consider when planning a procurement process are:
The analysis of procurement processes requires market research and the development of statistics which will allow for the monitoring of the process. This lets the entrepreneur determine whether it’s better to outsource or produce in-house, as well as determine the volume of purchases, where to buy, what type of transport to choose and whether storage is cost-effective.
Cost optimisation is the most important stage in the procurement planning process. It involves considerable risk which results, among other things, from a potential lack of competition among suppliers, the financial performance of contractors, a shortage of funds for necessary purchases or from a sudden increase in transport and storage costs. An effective procurement process in an enterprise thus requires an efficient and qualified finance and logistics department.
Procurement processes are complex activities, and managing them requires extensive knowledge in many areas, as well as experience. They include not only identifying the company’s needs, but also market analysis, budget preparation, supplier selection, negotiation and communication with suppliers, as well as managing relationships with contractors. Therefore, creating an effective procurement process in an enterprise is not an easy task.
Redegate financial advisers can help you optimise these activities. They are qualified specialists with extensive knowledge and experience in carrying out these types of projects. Tell us what you expect, and we’ll select an adviser or a team to help you achieve your given business goals.
GAP GROUP sp. z.o.o.
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53-228 Wrocław
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