Are you wondering how purchasing consulting services can help your business navigate the procurement process? There are many benefits to working with purchasing professionals, but do you know what they are?
In this blog, we’ll go through three ways that purchasing consulting services can help your organisation. We’ll also help anyone that is wondering if these services are necessary for their business. Keep reading to find out more!
While necessary for your business, the procurement process can be extremely time-consuming. However, when you outsource purchasing consultancy services, a Procurement Consultant will handle everything for you.
So, instead of developing procurement strategies or identifying areas for improvement, you can focus on other aspects of your business.
Another benefit of using purchasing consultancy services is that you can learn how to improve your spending habits. These services will be delivered by procurement professionals who are experts in finding the best value for money. They’ll assess your spending behaviour and help you find areas that require improvement.
To do this, they’ll evaluate your organisation’s transaction data. For example, they might ask to see details of the vendor and their values from a certain time period. With this information, they can conduct an analysis of your spending behaviour and provide you with a summarised report.
When you outsource procurement consultancy services, you’ll benefit from the professional expertise of Procurement Consultants.
This benefit will be particularly appealing for organisations with limited resources. As we’ve already established, it takes a lot of time, effort and resources to produce an effective procurement strategy. In fact, many organisations are faced with upskilling their existing time or recruiting new talent.
However, when you outsource, Procurement Consultants can produce an effective strategy in a fraction of the time. And at a reduced cost for your business!
Many organisations would benefit from outsourcing their procurement activities to a strategic purchasing professional. In particular, it’s a great option for businesses that lack:
Perhaps you don’t have enough time to dedicate your attention to the procurement process. After all, running a business takes a lot of time and effort! However, if that’s the case, you can save time by outsourcing purchasing consulting services.
Without a dedicated team, you’re unlikely to have enough resources to carry out your own procurement function. This is because your team will be dedicated on their day-to-day responsibilities. So, outsourcing your procurement processes to a professional could be the perfect solution for you.
Do you know enough about procurement to handle your spending processes in-house? The world of procurement can be incredibly complex. If you’re new to the process, you might not have enough knowledge for this. And that’s okay! Instead, you can outsource purchasing consulting services and benefit from industry professionals.
Finally, some businesses might lack confidence when it comes to procurement. This is especially the case for newer or smaller businesses with limited experience with the process. If you lack confidence, you could benefit from purchasing consulting services. Procurement professionals that offer these services will be able to guide you through the process with ease.
So, how will purchasing consulting services benefit your organisation?
Firstly, they’ll help you save time and allow you to focus on your day-to-day responsibilities. Instead of developing procurement strategies or improving your spending habits, you can focus on other aspects of your business.
Secondly, you can learn how to improve your spending habits and save money. The Purchasing Specialists delivering these services will assess your spending behaviour and identify areas that could be improved upon.
Finally, you’ll benefit from their professional expertise. If you’re new to the procurement process or have limited resources, purchasing consulting services could be perfect for you. Instead of upskilling your team or hiring new employees, you can outsource your procurement function to the experts.
Not sure if these services are right for you? At Hudson Procure, we think these services will benefit any organisation that lacks:
Have you considered our checklist above and think you might benefit from procurement support? At Hudson Procure, we have five services, all designed to help you drive more value from procurement.
Read more about each service below to find out how we can help.
With Procure Consult, we offer support with tender management and ad-hoc procurement consultancy. Our expert team will manage the end-to-end procurement process or offer assistance at any stage, as and when required.
With Procure Health Check, we’ll conduct a full review of the strategic and operational procurement processes within your organisation. We’ll identify the areas that need improvement and help you drive greater value from the procurement process.
The purpose of Procure Analyse is to conduct a high-level analysis of your spending activity. We’ll help you understand your current purchasing behaviour and highlight areas that can deliver greater value. Procure Analyse is also offered as part of Procure Health Check or as a standalone service.
With Procure Outsourcing, we deliver a range of procurement solutions on an outsourced basis, completely bespoke to you. This can range from delivering multiple tender projects as a package to delivering the full procurement function of your organisation.
Are you trying to find a supplier for your project? Post your tendering opportunity onto any of our 11 sector-specific portals for FREE with Procure Post!
Housed by our sister company, Hudson Discover, our portals host thousands of tendering opportunities for organisations of all sizes. For an additional cost, we’ll even help you identify your requirements and find the most suitable suppliers for your business.
Get in touch for a consultation and find out how we can help you drive more value from procurement.
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