SOKO BUSINESS HUB’S procurement team has wide ranging experience. Work we have undertaken includes:
- Procurement restructuring and improving complete procurement department(s)
- Centralizing Procurement function,
- Contract renegotiation
- Creating a joint procurement function for several organizations to benefit all equally
To deliver procurement best practice and we have developed approaches that will enable you to:
- Categorize spend into strategic commodities
- Determine where budgets are spent
- Establish and deliver robust savings plans that are not “slash and burn”
- Structure procurement activities to provide a strategic service to your organization
- Enable you to make the best use of e-procurement and Procurement to Pay (P2P) systems
- Create better links to suppliers and implement proper Supplier Management.
Changing the mindset towards managing the relationships with your suppliers can be key to adding business value, creating new opportunities and avoiding conflict further down the line.
In our experience few organizations ever get past interfacing with their supply base at anything other than a transactional or contracting level. This represents a major missed opportunity, since among the multitude of suppliers with whom most organizations trade: value, innovation, efficiency, reduced cost and increased security of supply are available to those that can find it and unlock it.
In our experience we have found that Supplier Management provides the means to select and integrate these different approaches according to how an individual supplier or a supply chain can add value to your business.
Managing supplier relationships can really add significant value to your organization when implemented correctly. Our consultants can help you segment your suppliers and implement the correct level of the business benefit.