Procurement Process Redesign Services and Procurement Operation Improvements
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.
Source One has driven significant cost savings and operational improvements to the supply chain by streamlining the procure-to-pay processes. Through proven best practices, a lean methodology that eliminates non-value adding functions, and the introduction of efficient standardized processes such as empowered requisitioning, our clients 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. 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.
Procurement’s Pain Points:
- Inefficient processes
- Inflated lead times
- High turnover
- Poor cross training
- Unclear roles and responsibilities
- Poor internal and external reputation
- Lack of governance
- Lack of policy and procedures
- Lack of training
Source One’s comprehensive approach to assessing and redesigning Procurement empowers organizations to correct these issues, increase control over their purchasing activities, and improve visibility into supply and demand. Beyond eliminating uncertainty, our services provide the foundation for a stronger, more sustainable Procurement function.
Our Procurement Process Redesign services assist companies in:
- Eliminating paper-based work elements
- Eliminating any non-value-added tasks
- Automating the procurement process
- Electronically enabling the supply chain
- Improving collaborative communications through the supply chain
- Defining and optimizing Procurement’s roles, responsibilities, and procedures
- Introducing effective organizational change across the supply chain
Source One’s Procurement Transformation teams brings year of experience and subject matter expertise to every client engagement. We understand that optimal process design cuts down cycle times, enables transactional efficiencies, and provides maximum value to our clients. Across today’s dynamic supply chains, Procurement must find the right balance between standardization and flexibility in order to thrive. Our services make it possible to do just that.
Contact our Procurement Process Redesign Team