Procurement strategy consulting

When working on a new procurement strategy, it’s important to address existing concerns but also look to implement strategies that will contribute to long term success. This may include better managing supplier risk and consolidating supplier data, simplifying the purchasing chain, and implementing data analytics for better forecasting and to highlight improvement opportunities.

Our procurement consultants combine a deep knowledge of sourcing best practice with our proprietary digital platform which allows them to pinpoint specific opportunities for cost reduction and improvement. They will work alongside you to perform analysis of your current sourcing process, and help you to identify and implement opportunities for measurable improvement, looking specifically at:

• Cost of ownership – Providing a full overview of costs over a product’s lifecycle, including those that may not be initially obvious.
• Strategic sourcing – A full review of key suppliers’ delivery, looking at true pricing, supply locations, warranties, workflows, and components.
• Process and capability improvement – Analysing data on process and capability, including the procurement function, internal processes and tools, and staff capability, to highlight areas for improvement.
• Demand management – Reviewing what drives need within a business, highlighting unnecessary demand and opportunities to scale down procurement costs.
• Category management – The segmentation of spend into different categories, allowing for consolidation and making it easier to create a long-term procurement strategy.
• 3rd party cost reduction – Combining data analysis and expert knowledge to set clear spend benchmarks, identify savings opportunities and support supplier negotiations.

At Vendigital, we deliver data-led accelerated cost transformation. We achieve this by combining multidisciplinary consulting expertise and our proprietary digital platform – through our Insights360 methodology – to achieve measurable and sustainable cost reductions for clients.

Contact us and speak to an expert about how we can support you with procurement and sourcing or read more about how we work with businesses to implement cost transformation programmes.