What Do Procurement Consultants Do?
You may have heard of the term ‘Procurement Consultant‘, but are now wondering what they actually do, how they work and most importantly, how they can help your business.
In this blog, we will be covering these three questions to help you decide whether a procurement consultant is an asset that your business may need to consider!
What are Procurement Consultants?
A procurement consultant is an expert in the purchasing process. They are the buyer’s best ally — providing advice, conducting supplier market research, and analysing your costs and overall strategic/operational processes. They can manage the end-to-end procurement process on a buyer’s behalf or offer expertise at any stage needed.
At Hudson Procure, we provide all these services and more! Contact us here for more info!
What Do Procurement Consultants Do?
Many businesses hire a procurement consultant to help their company research, create, and evaluate bids/tenders for goods and services. This usually includes aiding the business in creating tender documents, supporting through the entire process, and aiding with producing the final contract agreement and conducting potential negotiations.
They also advise businesses on how to plan for, optimise, and execute procurement processes. They can be involved in tracking competition, researching suppliers, understanding industry trends, and managing relationships with vendors.
How Does a Procurement Consultant Benefit Me?
- Access to Expertise – A procurement consultant will bring years of expertise and specialisation in the industry, within the scope of your project, allowing for the best possible procurement decisions.
- Cost Reduction – The ability of a procurement consultant to review costs and pricing on behalf of their client will lead to cost savings across the board.
- Dealing with Challenges – Professional procurement consultants can provide strategies and guidance to address unique issues that clients may face when it comes to their procurement process. They will improve your current strategies, while creating a plan to leave your business in the best possible shape for the future!
- Project Management – Maintaining and streamlining procurement processes can be a challenge. So, having a procurement consultant onboard can provide the organisational structure and management needed to keep processes running smoothly.
- Process Efficiency – With an experienced procurement consultant in place, your organisation can benefit from streamlined processes, with more accurate reports, and better decision-making. Ultimately, saving you time and preventing the wasting of resources in the future.
How Do I Know Whether I Need a Procurement Consultant?
If you’re on the fence about hiring a procurement consultant, you need to ask yourself the following questions. If you find yourself answering yes to any of these, it is wise to consider a procurement consultant when you are:
- Struggling to lower costs/recently discovered a need to lower costs
- Wondering whether you are spending effectively
- Don’t have enough time or resources to dedicate to effective procurement
- Struggling to analyse tender responses
- Need access to procurement knowledge and expertise
Ultimately, procurement consultants drive value into your business within the shortest possible time frame. They can help you lower costs, while providing you with procurement knowledge, analyse your spending and much more. Overall, they can transform the health of your business — delivering those all-important results so that you can see the evidence of hiring a consultant!
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More Information About Us!
Procure Consult
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.
Procure Health Check
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.
Procure Analyse
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.
Procure Outsourcing
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.
Procure Post
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 your business drive better value from procurement.
