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Services, - Procurement Service Provider - Web Site has
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Operational
Improvement
Source
One can also drive significant cost
savingsand 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.
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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