Procurement Excellence Consulting from Source One's Industry Veterans
 

Procurement Transformation Advisory

Procurement Transformation Advisory Services Help Align Your People, Processes, Tools, and Technology To Enhance Your Procurement Proficiency

Procurement Transformation Advisory Services from Source One's Industry Veterans

Source One specializes in helping organizations reach the next stage of procurement performance through its unique Procurement Transformation Advisory service offering

In any climate, organizations struggle to move away from highly reactive and tactical practices and achieve more strategic, proactive operations. Serving an increasingly critical role in supporting company operations, Strategic Sourcing and Procurement (SS&P) groups must be aligned with corporate strategic goals and operate cohesively with all other business units. Beyond just savings, procurement groups seek sustainability, efficiency, and transparency in the supply chain. Source One can provide companies of any size, complexity, and maturity with the tools and insight they need to take their procurement and sourcing operations to the next level, delivering:

  • Unparalleled access to market data
  • Smoother procurement processes that lead to efficiency and savings
  • Assistance in selecting the right procurement technology and the right components of sourcing systems that meet your specific needs
  • Supplier management programs to strengthen relationships
  • Category-specific subject matter expertise to examine challenges and provide effective solutions
  • A knowledge-transfer path including the use of free eSourcing tools after any engagement

Our procurement transformation consultants are available to your convenience, offering support from light-touch guidance over the phone or more extensive on-site coaching through our proven Procurement Transformation process:

Current State Analysis and Transformation Opportunity Assessment

Transforming your supply management operations and developing a successful procurement strategy is much like reading a map. To know how to get to your desired location or end-state, you have to first understand where you currently stand. Our tailored approach to procurement transformation begins with a detailed evaluation of your existing supply management operations. Our procurement transformation advisors take a holistic look at your people, processes, technology, and metrics; closely reviewing stakeholder feedback, purchase orders and vendor contracts, established performance metrics, supplier relationships, and more; all with the goal of identifying opportunities for improvement and creating an effective procurement strategy for your organization.

Putting to use decades of spend management experience and proprietary benchmark data, our procurement transformation experts then compare your existing procurement operations against industry best practices, along with companies of similar profiles. The result? Our procurement transformation advisors deliver a clear report of what practices are and aren’t working within your Strategic Sourcing and Procurement department, along with recommendations for achieving better operating efficiency, enhancing human capital management, and reducing costs.

Roadmap to Procurement Transformation

Now that you know where you want to go with your sourcing operations, our procurement transformation advisors will show you exactly how to get there. Providing you with a Procurement Transformation Roadmap, our experts map out the steps to take to achieve your desired end-state vision. Whether your procurement strategy includes trimming specific category costs, launching new training programs for your SS&P staff, implementing industry best-practices, or making improvements to key purchasing processes, our procurement transformation experts will show you how to get the job done. Our procurement transformation guide includes an anticipated timeline for results, illustrating how quickly the process can take place, as well the resources required and expected return on investment. Beyond the process, our Procurement Transformation Roadmap builds the business case for and demonstrates how the transformation is crucial to the overall health of your organization’s bottom line.

Ready to get on the right path towards procurement optimization? Contact our Procurement Transformation Advisory Team today to begin your journey towards world-class procurement performance.

 

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Procurement Expertise

Procurement Process Redesign

Source One’s process improvement consulting services ensure your practices address business requirements across all departments. We help automate approval processes, implement compliance assurance procedures, and drive operational excellence both internally and externally.Our team of procurement process redesign specialists drives cost savings and operational improvements through streamlining procure-to-pay processes. We evaluate all procurement functions to ensure that each task is a value-adding, compliant, and essential component of procurement activity.

Procurement Process Optimization


Procurement Strategy

Developing an appropriate procurement strategy requires you to address not only the short-term, but also the long-term factors affecting your procurement success:

  • Staff requirements
  • Demand planning
  • Systems capturing accurate data
  • What can be done with that data
  • Compensation aligned with industry standards
  • Negotiation tactics

With decades of experience as a procurement services provider, Source One knows how to guide organizations through these crucial activities.

Procurement Strategy Experts


Our Procurement Transformation Advisory services help:

  • Gain executive buy-in
  • Gain stakeholder buy-in
  • Increase the category coverage and ultimately total spend under management
  • Reduce the costs of processing purchase orders and the entire Procure to Pay (P2P) lifecycle
  • Identify, select, and implement the right metrics and KPIs for your organization
  • Reduce cycle times for purchasing processes
  • Reduce spot buying
  • Increase visibility in purchases
  • Increase quality control in purchasing processes
  • Identify purchasing trends and forecasting
  • Eliminate or reduce non-value added functions and processes
  • Restructure for efficiency
  • Build a competitive and competent procurement and sourcing staff
  • Identify and implement new technology
  • Benchmark your performance across industries
  • Improve your strategic sourcing processes
  • Reduce the price of the products and services you are purchasing