SERVICE POWERED BY SIEMENS ADVANTA
Procurement
Data-driven optimization of procurement strategies and functions to accelerate cost transformation and deliver on-going cost savings.
With over 50% of many companies’ outgoings allocated to procurement, optimizing this area of the business is critical to controlling the cost base in any industry. From helping our clients understand the whole life cycle cost of an item or service to generating greater value from the supplier base, we support businesses to improve their procurement processes.
-
Cost of ownership – we provide an understanding of a product's whole lifecycle cost, revealing hidden expenses within different stages to support informed decision-making on future procurement.
-
Strategic sourcing – we enable clients to make informed decisions when engaging suppliers by evaluating all of the factors that contribute to suppliers’ delivery, such as their true pricing, workflows and supply locations.
-
Process and capability improvement – analyzing how a company carries out its activity and what resources and expertise are available to support it, with the objective of determining where productivity, efficiency and quality of output can be improved.
-
Demand management – a forecasting process which establishes a critical link between the marketplace and a company’s activity with the aim of ensuring demand is met via the most cost-effective and profitable approach.
-
Category management – involves segmenting spend into different areas which enables opportunities for consolidation and focus. This takes procurement beyond the purchase of individual goods to create a longer-term strategy.
- 3rd party cost reduction – we combine data analysis with our expert knowledge of procurement to create clear spend benchmarks across suppliers, locations and categories. From this we can rapidly identify 3rd party savings opportunities.
-
Understanding the whole lifecycle cost – the true cost of an item or service involves more than its price at purchase. Using data-driven insights, we can uncover these costs to formulate a value-focused future strategy.
-
Greater value from the supply base – we identify and select suppliers, aligned to business objectives, that will provide the highest value at the lowest possible cost while building long-term relationships with each supplier.
- Delivery of sustainable cost reduction – by carrying out an in-depth analysis of a company’s procurement processes and implementing data-driven strategies, we deliver cost reductions that can be maintained over the long-term.
Our industry leaders
Please reach out to our experts for more information.
Dominic Tribe
Global Consulting Partner and Cost Transformation
Julie Neal
Global Consulting Expert and Cost Transformation
Paul Adams
Global Consulting Expert and Cost Transformation
Contact Us