Whatever the challenge you face, creating a clear strategic plan for transforming procurement can facilitate growth and positive change in your organisation. This can help you achieve your 2025 or 2030 vision.
Successful strategic procurement transformation takes a holistic look at your procurement and supply chain functions, providing a blueprint of your operating model.
Identifying the need for a new procurement strategy is just the first stage of your journey.
Without an organisation-wide strategic approach to procurement, there may be a lack of understanding around purchasing activities; which leads to business units procuring on their own terms, inefficient or admin-heavy processes, budget overspend and ineffective supplier relationships. But, quite often, organisations do not have the internal capacity, market knowledge or project management skills needed to successfully transform their procurement function.
At eXceeding, we understand that appointing procurement transformation consultants is an investment for any organisation. That is why we focus on ensuring tailored, practical and achievable outcomes.
The eXceeding procurement consultancy approach starts your procurement transformation journey by running a full procurement diagnostic. This involves:
The output of this procurement consultancy process is not only a strategic vision for your procurement function, but – more importantly – a very clear implementation plan, phased over your defined period (usually 1-3 years) that is suitable for your organisation, your industry and your size.
This bespoke action plan provides you with a clear and pragmatic pathway to success; starting with the quick wins – areas where you can immediately see benefits and realise value.
One key area of procurement transformation for your organisation may be digitalisation.
Digital procurement transformation brings a wealth of benefits to any organisation. The ability to leverage technological advancements can; improve processes, provide real-time insights into operations and costs, enhance your reporting and analytics capabilities and provide more insightful data-driven decision making.
Often, organisations do not have the internal knowledge of the options available to them, or how best to make use of existing or new solutions.
Digitalisation also offers the opportunity to improve transparency and can open the doors to innovation across your entire supply chain. Integrating the right technology will centralise your data, help you to monitor your suppliers and plan for current or future risk. It also provides an opportunity for you to share data and open up conversations with your suppliers; creating space for brainstorming new processes or products.
eXceeding’s consultants are on top of digital innovations in the market place and can ensure best-fit technology solutions for your business, as well as supporting the associate change management project involved in bringing in new technologies and processes.
We even offer our own dynamic purchasing system that can support key elements of the procurement process, such as SQs, PQQs, ITTs and scoring.
Not sure where to start? We have worked on strategic sourcing projects with a wide range of organisations all with different start points and objectives. We specialise in providing pragmatic, practical procurement consultancy services with recommendations that translate into real business benefits.
Contact us to discuss your challenge and begin your transformation journey today.
We live and breathe procurement. Meet the team whose extensive experience will help solve your challenges.