Since you are visiting this page you have probably realised that your organisation could benefit from improved performance in the procurement and supply chain area. You may recognise one or more of these symptoms:
- The supply chain has proven to be not as flexible and resilient as previously assumed
- Increasing supplier spend and decreasing profits
- Strain on cashflow and working capital as a result of growth
- Quality issues with suppliers
- Exploitative supplier behaviours
- Lack of visibility of Corporate Social Responsibility in the supply chain
- Attempts to circumvent Procurement processes
But what are the root causes of performance symptoms within your unique business environment? Which challenge should be tackled first? How? What are the expected benefits?
Procurement Cube will be able to help you answer these types of questions by conducting an assessment. We do that by talking to key individuals in your organisation, as well as by reviewing key documentation and data.
Before we start the work, we will agree with you which areas the assessment should cover. It could be any of the following.
Strategy
Organisations excel when everyone pulls in the same direction and when the procurement function is able to add strategic value. Procurement Cube will discover opportunities for improving alignment between Corporate, key Departmental and Procurement strategies. Not just alignment on a piece of paper, but real-life buy in from key stakeholders.
Spend Management & Commercial Leverage
Sales is an important part of the equation when growing any business. Another important part is effective total cost management to ensure sales growth is profitable growth. Procurement Cube will investigate where opportunities lie to get more out of the money you spend with suppliers, without compromising on quality.
83% of mid-sized UK companies say they don’t adequately challenge suppliers on cost and performance.
Procurement Processes and Governance
Often unnecessary costs and reputational risk are obscured by a web of ineffective and inefficient processes. Procurement Cube will shine the light on where improvements can be made to free up cash for re-investment and mitigate risk to avoid brand damage.
Supplier Relationship Management & Innovation
Nobody can do everything on their own. We all depend upon each other in some way. Most organisations depend on leveraging supplier innovation to help develop and protect competitive advantages. Procurement Cube will identify opportunities for improving supplier relationship management to gain better and quicker access to the supplier innovation and capabilities that can make a real difference to the way you do business.
79% of mid-sized UK companies say they aren’t driving an innovation culture within the supply chain.
Risk Management
Things are good when they are good. But without effectively managing Procurement and Supply Chain related risks, the next disaster is just around the corner. This could be related to supply chain flexibility, supply chain resilience, visibility of Corporate Social Responsibility throughout the supply chain, etc. Procurement Cube will assess to what extent key risks are effectively managed and the opportunities for improvements.
Anything you want your assessment to focus on
Every business is different. While the focus areas outlined above are key, you may have something else in mind. Perhaps a different area to look at, or a unique angle. And that’s okay. Procurement Cube will take the assessment in the direction that’s most useful for your organisation.
Once the assessment work is complete, we will summarise our findings in an action-oriented report.
The Procurement Cube assessment costs £1,000 + VAT*
Fill in the form below to arrange an initial free no obligation conversation about your assessment
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The information you provide via this form will only be used as partial input to the myProcurementCube assessment. If you have indicated you want to receive our newsletter, your e-mail address and name will be used for that purpose as well. Content Impact Limited is trading as Procurement Cube. The company is registered in England & Wales with Company Number 8553174.
*) assuming 2 consultant days at a discounted day rate of £500 + VAT.