A procurement strategy is a plan that outlines the process of acquiring goods, services, or works from an external source.
It includes the objectives, scope, techniques, and timeline for sourcing activities. A successful procurement strategy can help an organization get the best value for their money, manage risks, and optimize the efficiency of its supply chain.
Having a procurement strategy can help your business in many ways.
It can help you get the best value for your money, manage risks, and optimize the efficiency of your supply chain. It can also help you reduce costs, save time, and ensure that you are dealing with reliable vendors.
A well-crafted procurement strategy can help you make informed decisions and ensure the success of your purchasing activities.
The cost savings associated with implementing a procurement strategy can vary depending on the size and scope of your business.
Generally, businesses can expect to experience cost savings in the form of better pricing, reduced waste and improved efficiency.
A well-crafted procurement strategy can also help you reduce costs by streamlining the procurement process, negotiating better terms and conditions, and better managing risks.
Ultimately, the cost savings associated with implementing a procurement strategy can be significant, depending on the size and scope of your business.
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 with 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 your business drive better value from procurement.
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