We have created an effective and lean Procurement product that unlocks hidden business value for mid-sized companies
– Inventor of myProcurementCube
Value for Money, Total Cost Control, Enhanced Competitiveness
Are you a leader of a mid-sized company concerned about:
- supply chain resilience and flexibility?
- supplier spend going up?
- the strain growth puts on cash flow and working capital management?
- risk of added cost pressures in a post-Brexit world?
- getting the quality you need from supply markets?
- generally getting more out of your suppliers to help you compete?
- supply market risks?
- insufficient procurement processes and controls?
- ensuring Corporate Social Responsibility throughout your supply chain?
If you answered “yes” to any of these questions, myProcurementCube may be the solution you are looking for.
What is myProcurementCube?
It’s your very own fit-for-purpose-strategic-high-performing-business-focused Procurement function. Quite a mouthful! Luckily Procurement Cube has the expertise to build it for you quickly. We will then operate it for you while transferring our expertise to your company. Before you know it you will be at the top of your procurement game, creating competitive advantages by leveraging supply markets. Easy!
What will myProcurementCube do for me?
It will deliver Value for Money, Total Cost Control and Enhanced Competitiveness!
- Value for Money: Getting a low price if the quality is not up to scratch can become very very expensive. Robust value optimisation processes ensure you get the right quality at the right cost – every time.
- Total Cost Control: Reducing costs in one part of the business only to see it balloon elsewhere is a common business challenge. myProcurementCube allows you to consistently take a view across all activities. This avoids sub-optimisation and gives you the visibility to truly take costs out.
- Enhanced Competitiveness: You are only as good as your suppliers. Their capabilities, innovation and creativity helps you compete in the market. The better you get at tapping into what the supply market has to offer, the more successful your business will be. myProcurementCube will take your Supplier Relationship Management to the next level.
…and the capabilities to do all that will be yours to keep forever! So, once myProcurementCube is up and running, your staff will be able to deliver the above-mentioned benefits over and over and over again. myProcurementCube really is the gift to your business that keeps giving…
But isn’t Procurement for large companies only?
A common misconception, but “no” is the answer. In fact Procurement is essential to survival of fast growing mid-sized companies. Growing fast requires money. Money to finance trade credit, money to hire more staff, money to invest in machinery and overheads. Money, money, money! It’s at that risky stage some companies become victims of their own success.
Customers love their products and services. And in an attempt to meet this booming demand some companies run out of cash. Gaining control of your costs means retaining control of your company. That’s where Procurement comes in.
If you think your spend levels are too low to make a difference to your suppliers, think again! Size does not matter as much as some think. Suppliers are keen to work with rapidly growing companies. Not because they spend a lot today, but because they will do so in the near future. Supplier innovation is available to your fast growing company, and can become a source of competitive advantages.
I already have a Procurement function
That’s great! If it’s a fit-for-purpose-strategic-high-performing-business-focused Procurement function, you are sorted! If, however, there is room for improvements here and there, we can help. It just means myProcurementCube won’t be built from scratch. We will build on the work you have already done to take your procurement to the next level. An initial assessment will reveal which areas to focus on.
How do you build myProcuremetCube?
I am glad you asked! The approach is lean and designed to build fit for purpose capabilities that deliver sustainable strategic value. The focus is on what really matters in your unique situation. To deliver a customised myProcurementCube, we follow this process.
- Business Analysis: Insight is power. So, we start by quickly understanding the dynamics of your business environment, past spend patterns and business value drivers.
- Strategy Development: Then it’s time to develop innovative, creative impactful category and/or sourcing strategies designed to manage total costs and ultimately create or enhance competitive advantages. Our approach is lean, quick, and precise. So, your strategies will be highly implementable – not just theory! We are experienced in using strategy development models the way they were intended. I.e. as “thinking tools”, not as restrictive templates.
- Project Planning: There are only 24 hours in the day, yet 1000s of things you could do. So, we will help you prioritise and manage projects to implement the strategy in the most impactful and resource effective way.
- Implementation: Our interim Procurement experts will temporarily become part of your team to do the actual work. So, we work with your own staff to deliver results quickly.
- Capabilities Transfer: You need to be able to operate myProcurementCube once our interim experts leave. Coaching, mentoring and training is, therefore, integrated into the process from the very beginning.
- Benefits Tracking: Finally, we will put together a dashboard to allow you to measure your Return on Procurement. You will be able to verify what a great investment you made!
How do I know Procurement Cube will do a great job?
We are passionate about what we do! The inventor of myProcurementCube will lead the work to build your customised version. You will benefit from his long track record of creating competitive advantages for organisations by leveraging supply markets. His diverse business experience inspired him to create myProcurementCube as a way to easily and quickly transfer second to none procurement capabilities to small and mid-cap companies. Without unnecessary costs, process or complexity!
We approach challenges differently. That’s because we are experienced, creative and business focused Procurement professionals.
- Business Focus: We are Procurement experts who think like business people. So, the focus is on how you can use the supply markets to create business value – even competitive advantages. We don’t do tick box exercises, inflexible templates or convoluted processes. Instead we understand what your business is about and how to make the most meaningful impact.
- Experience: Strategy development, category management, strategic sourcing, transformational procurement projects, supplier relationship management, challenging negotiations, mentoring and training. We have done it all before over and over again. This world class expertise, obtained from both small companies and blue chip organisations, is now available to you. Your myProcurement Cube team will be tailored to your specific business needs.
- Creativity: We may be creating your “cube”, but it’s an open interconnected one. And we thrive on thinking outside the box. In fact, creativity involves breaking out of established patterns in order to look at things in a different way. We apply critical thinking to develop appropriate and targeted approaches. This involves keeping an open mind when exploring the issues and devising solutions jointly with your team.
What do I do next?
The next step is to get in touch with us or have a look at how we will carry out your initial assessment.
