Procurement Strategies By Professional Procurement Consultants

Profit can be made at both ends of the business. With companies often spending up to 50% of income on externally supplied materials and services, procurement strategies require a measured approach. Our procurement consultants can identify and implement results through innovative procurement strategies, providing a real impact on profitability improvement.

The GHR Logistics procurement strategies process includes:

1.  Data collection on existing procurement strategies

• Preliminary data collection
• Procurement consultants will identify stakeholders and their needs through workshops
• Confirm major issues in existing procurement strategies
• Procurement consultants to sign off with management

2. Analysis of procurement strategies

• Review expenditure history and its components
• By stakeholder

	Requirements and usage patterns
	Any unique requirements
	Identify current procurement strategies and processes

• Vendors

	Categorise and identify critical goods and services
	Identify relationship and any commercial arrangements
	Procurement consultants to assess pricing structures

• Benchmark procurement strategies against data base and industry standards
• Assess current policy, procurement strategies and processes
• Procurement consultants to get signoff by management

3.  Develop new procurement strategies

• Vendor meetings re pricing and leverage
• Benchmarking
• Provide options and test same
• Assess impact of procurement strategies on all stakeholders
• Put forward recommendations
• Procurement consultants to get signoff by management

4.  Implementation of procurement strategies

• Identify procurement strategies of sensitivity
• Plan tactics
• Implement changes
• Audit