Procurement Consulting
Procurement Consulting:
Procurement is viewed as a strategic function working to improve the organization’s profitability. Strategic & cost effective procurement is seen as a great help to streamline processes, understanding of TCO concept, optimize overall spend and identifying better sources of supply. In essence, helping to reduce the ‘bottom line’. A procurement domain is mandated to execute 3 Main Functions:
Spend Management:
A good procurement function is pivotal in deploying an effective Annual Buying Plan, Leveraging Robust Forecasting, Market Analysis, Process Automation and cost optimization techniques etc.
Support Operations:
By ensuring the timely acquisition of high quality, low cost, inputs and raw materials to be converted into products and services purchased by an organizations’ internal customers. An organization exists to create value for its customers. The procurement function is pivotal in supporting value creation processes.
Protect from Risk:
By deploying risk management methodologies such as Failure Mode and Effects Analysis (FMEA). Contract management, and price shock mitigation and avoidance provide huge benefits to an organization, stakeholders and customers.
Hence, it is imperative to control strategically of total organizational spend. Therefore, S2G desires to facilitate key services to strengthen the performance of the procurement function.
Sourcing to Procurement (S2P) transformation:
Partnering with you, our experts perceive purchasing requirements, furnish appropriate supplier information, arrange quotations & oblige requisite support during order finalization.
Negotiation is essentially to meet quality, delivery, price, warranty, TCO, etc. so that the maximum objective can be achieved & result to close the deal in the right manner following all ethical practices. S2G shall furnish requisite assistance to an organization or an individual to implement numerous negotiation strategies.
Our pre-sales assistance is the specific set of activities that lead up to winning a new contract or acquiring a new customer. This includes generating RFI, RFP & RFQ’s along with compliance of technical specifications.
Procurement Operation & Implementation:
Under this umbrella, our objective is to run your procurement operation efficiently, by taking into account numerous compliances such as commercial, technical, analytical, ethical & legal according to customer’s specifications thereby successful implementation.
This will cover the drafting of RFQ’s & Purchase Orders, effective ways suppliers communications, negotiations, bid preparation, technical & ethical compliance, Supplier consolidation, Reduce Maverick Spend, Suppliers terms & discount structure, Spend Analysis, Krialjic’s Matrix, Measuring KPIs and Supplier Performance Assessment, etc.
Leverage Procurement to Realize Cost Savings
Saving costs often means saving time! Time that you can utilize in order to strengthen relationships with your strategic suppliers, develop and drive innovative business ideas, or explore new products and markets.
One thing we know is that it’s all about data. Data powers supply chain visibility. Supply chain visibility is a prerequisite for successful cost reduction and increased Return-On-Investment (ROI). Clean, consistent, and connected data is required to fuel supply chain, procurement, operational and analytical applications and to achieve a 360 view of products, raw materials, services, and suppliers. Based in this view, the business can make informed decisions, align tasks, and find new ways to significantly reduce costs by way of leveraging supplier consolidation, spend management, sourcing, renegotiating contracts, etc.
Best Procurement Practices
A. The processes you use to order goods for your company are vital to control risks, prevent fraud, ensure maximum savings, and maintain regulatory requirements. We S2G develop a process to comply above in-line with organization needs. This will give you an opportunity to strengthen the operational efficiency of the procurement function. S2G team carried out a scheduled visit to meet the procurement objectives set by an organization. S2G well-proven practices:
B. Purchasing function is performed in accordance with management’s policies and procedures
C. Purchases being made in an effective, efficient, and economical manner.
D. Purchasing function protects the best interests of the company in getting the highest quality product at the lowest price.
E. Purchasing function ensures continual supply of needed materials.
F. Procedures are established to validate that what has been ordered is received before financial settlement.
G. No undue influence by vendors to get order, or no favouritism shown to vendors unless warranted through product quality and price.
Strategic Sourcing:
Strategic sourcing is one of the key elements in a procurement process that continuously improves and re-evaluates the purchasing activities of a company or strategic sourcing is a systematic approach for optimizing an organization’s supply base and improving the overall value proposition. S2G well defined key objectives:
*Improve the value-to-price relationship (i.e. achieve cost reductions while maintaining or improving quality/service)
*Examine supplier relationships across the entire organization.
*Leverage the entire organization’s spending.
*Understand category buying and management process to identify improvement opportunities.
*Develop and implement multi-year contracts with standardized terms and conditions across the organization.
*Share best practices across the organization.
S2G’s distinct approach is to capture margin, reduce cost, manage demand & create value.
Procurement Training:
Employees/resource is the active stakeholders to manage & control organizational spends. Empowering them with multiple skill sets by way of training is the S2G objective. S2G manages to facilitate a well structured training program to employees on emerging concepts of real-life procurement & effective ways of internal & external communications at various levels.