The term “value” is often a catch-all term for many. What is meant by value? And how can organizations create more value in certain but also uncertain times? We see many organizations dealing with insufficient structure in the procurement of goods or services. Often they have little insight into the processes, bottlenecks and possible improvements. There is also often no insight into spending patterns and savings potential. While cost savings, risk reduction and value creation can be realized with process improvements and insight into spending patterns.
With proven methods, Supply Value can help realize more value within a short period of time. We realize cost savings by first identifying process improvements and then creating insight into procurement spend. For both steps, the potential savings are identified and realized in a very short time. For this we use our own Professional Procurement model and Savings for Value method, which we use to determine the most appropriate strategy for achieving cost savings and process design for each specific situation. In this way, Supply Value guarantees sustainable results in the short term.
Mapping process improvements
The Professional Procurement model is used as a basis for process improvements.
First, we map the current processes and identify bottlenecks. With the help of process improvements, savings are realized and risks are reduced. By optimally designing the processes, we create more value with less cost. Process improvements, risk reductions and savings are realized in line with the policy and strategy of the organization.
Insight into procurement spend
Using our Savings for Value method, we gain insight into procurement expenditures, identify savings potential and realize cost savings. To do this, the following steps are taken:
- Spend and contract analytics.
We create spend insight by analyzing contracts and all of your organization’s procurement spend. - Benchmark
With benchmarking, we compare your processes and costs with similar companies in order to improve your own processes and thus achieve cost savings. - An overview of savings potential
The insights from the spend and contract analyses are used to determine the savings potential. - Realization of cost savings
Together with the stakeholders involved, we draw up the most appropriate strategy for realizing the cost savings. We then realize the savings for you with a concrete action plan. - A reporting dashboard
Our dashboard monitors the concrete cost savings and tracks progress.
Deliverables Supply Value: more than just cost reduction
In line with your organizational policy and strategy, we realize cost savings by analyzing your procurement expenditures and optimizing your processes. We take into account organizational objectives, value creation and risk reduction. We do this with a business case based on expected investments, benefits and payback periods and a concrete action plan to create more value for you with less cost. We work with experienced experts, our methods, templates and tools. As a result, we deliver direct impact: savings and more value in less time.
Would you like to realize cost savings by gaining insight into your procurement spend and optimizing your processes? And would you like to receive more information? Then contact us without obligation! Or make an appointment with one of our experts. You can download the insight below.