There is a difficult balance to strike between needing a detailed strategy for everything and just getting on and doing things.
Nowhere is executing the plan more important than with procurement. A lack of strategic planning usually leads to missed opportunities, higher costs and inefficiency. We believe that having a roadmap, developed to the right level of detail, is fundamental for business success. It’s almost as simple as that. However, it’s not just a case of setting out clear objectives but also articulating how you’re going to go about achieving them. You need a passionate focus and unwavering commitment to executing the plan – otherwise it’s little more than hot air.
Our approach to procurement strategy is to wrap up all the elements of strategy into one document. That means combining policy, procurement assessment, sourcing strategy, category strategy, cost modelling & management as well as organisational design, in such a way as the intelligence can be used to develop your action plan.
Our procurement specialists combine their expertise alongside using bespoke software to understand your business and the things you want to achieve. In parallel we conduct an internal and external review, to put our recommendations in context. Everything we suggest is supported by a clear indication of how you can execute the plan and measure performance, as well as practical approaches for governance and review along the way. Above all, this is packaged in a simple to understand, action-focused format, giving you a clear idea of the things you need to do to save money and improve procurement efficiency.
"The greatest results have been delivered through Vendigital supporting executives in understanding the next level of management of cost to facilitate strategic changes."