5 Ways a Procurement Consulting Firm Can Help You Reduce Expenses

Sep 18

  
                Value Delivered
            
                1
                Spend Assessment
                
                    Analyze your spend to uncover trends and inefficiencies.
Create a roadmap for cost savings and optimization opportunities.

                2
                Contract Management
                
                    Centralize and organize all existing agreements.
Obtain missing agreements from suppliers to prevent lapses.
Track renewal dates to avoid missed opportunities.

                3
                Supplier Pricing & Contract Compliance Review
                
                    Verify supplier pricing through comprehensive reviews.
Audit invoices for accuracy with agreed terms.
Review contracts to address any unfavorable terms and prevent unnecessary costs.

                4
                Supplier Management
                
                    Develop a sourcing plan | RFP schedule to secure competitive pricing.
Conduct regular supplier performance reviews to strengthen relationships and ensure compliance.
Maximize value by optimizing relationships, consolidating suppliers, and aligning strategies with business goals.

                5
                RFP Management
                
                    Manage the entire RFP process, from writing proposals to supplier evaluations and negotiations.
Facilitate stakeholder collaboration for faster, more informed decision-making.
Deliver objective evaluations to ensure impartial comparisons and the best-fit supplier selection.