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Reduce an additional 15% of your procurement costs with Strategic Sourcing. >>Here |
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Process Redesign |
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| SOURCE ONE can also drive significant
cost savings and operational improvement by streamlining the
acquisition processes. Through proven ‘best practices’ that
eliminate non-value adding functions and the introduction of
efficient standardized processes such as empowered requisitioning
and evaluated receiving companies have reduced the cost of
procurement by 10, 20, even 50% or more. Paperless,
electronic procurement has the potential to reduce
requisition-processing costs by 70% per order, and organizations
utilizing Internet procurement automation report that, on average,
the time required to process a purchase requisition was shortened by
50% to 70%. Control deficiencies were also addressed
through these standardized practices and the shorter fulfillment
cycles and improved purchase control allowed user organizations to
adopt just-in-time procurement strategies, significantly reducing
inventory carrying costs, warehousing, materials handling,
obsolescence and shrinkage. Where are the opportunities to reduce your cost
and enhance operational effectiveness? Do you have the time to
realize the benefits? SOURCE ONE can hel Source One's process improvement consulting services can drive operational excellence not just internally, but throughout the entire supply chain, linking supplier management to customer value. Increased control in purchasing activities provides greater visibility into demand and supply thereby eliminating uncertainty in downstream operations helping to optimize business performance throughout the enterprise.
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