Purchasing strategy
Stretching Purchasing Performance
As each year passes the quest for more and more value continues. Procurement teams have to work with less and deliver more every year.
Yet this has to be achieved against a backdrop of increasingly volatile commodity markets, and rising distribution costs. The challenge for Procurement Directors is to ensure that all their resources are entirely focused on creating value, and in a manner that is fully supported throughout the whole organisation.
Strategy Development
We have a comprehensive and proven set of tools that deliver smart purchasing strategies that yield step changes in value. We do this through a detailed analysis of existing supply chains to measure how well they benchmark against our six key success criteria:
- planned/managed spend
- rationalised product and supply
- precision specification
- lean and controlled purchase-to-pay processes
- optimised/flexible supplier relationships
- maximised distribution
The gap analysis created enables us to work with the Procurement Team and all the Key Stakeholders to create a detailed, financially modelled and milestone driven strategy and plan. From this we review the current organisation’s capability to deliver the opportunities, and create transitional organisation, development and recruitment plans.
Why use Prestige Purchasing to develop your Purchasing Strategy?
- we have proven tools and frameworks
- we have enormous depth of benchmark data
- we support communication and stakeholder involvement
- we have the time to do the analysis legwork required
- we will bring real innovation to the table
- the value created will be larger and delivered much more quickly with our support
Case study
Read how Prestige Purchasing created a sound procurement strategy aimed at yielding £10m of annualised improvement.