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.