Velocity Procurement

As supply chain risks grow, procurement has evolved far beyond cost-cutting. Now, teams must strike a balance between efficiency and meaningful value— 🏗️ Building a Foundation 📈 Scaling for Strategic Impact 🌱 Investing in Talent and Leadership 🌍 Driving Sustainability and Resilience At every level, continuous learning and collaboration help procurement teams meet today’s demands and prepare for tomorrow. To learn more, check out Velocity Procurement's latest Insight! #Procurement #SupplyChain #StrategicPartnership #Sustainability

A supplier relationship management framework allows you to improve your procurement processes, mitigate risks, lower costs, and more. Read on to learn more. https://lnkd.in/g9PSRdjt

A global clinical services and medical device provider faced challenges with a fragmented, decentralized procurement function. With minimal procurement tools, rampant rogue buying, and missed opportunities for global synergies, they lacked control over spend and faced financial and legal risks. Velocity Procurement was able to partner with their procurement team to create strong sourcing policies, processes, templates, and procurement scorecards. We were able to centralize procurement,  complete 80 strategic sourcing projects, and achieve nearly $50MM in savings—an average of 25% across all categories. This transformation positioned procurement as a key value driver within the organization, setting the stage for sustainable growth! Follow the link below to read the full case study. https://lnkd.in/gwC3F7qu #ProcurementExcellence #StrategicSourcing #SupplyChainTransformation #Healthcare #ProcurementInnovation

Achieving IT Procurement success within an organization can be challenging. At Velocity Procurement, we bring the expertise to enhance your procurement strategy and deliver measurable results. Connect with our team today to see how we can help drive success in your year-end outcomes! Follow the link in the comments to read the full Insight. #ITProcurement #Sourcing #ITandTelcom

Learn about the key differences between vendor and contract management and how they impact your organization. https://lnkd.in/gk2HZ66G

Successful IT procurement requires a nuanced, adaptable approach. By tackling challenges with real-world strategic insights, organizations can build strong supplier partnerships that drive innovation, strengthen cybersecurity, and optimize costs. At Velocity Procurement, our Spend Management practice works hand-in-hand with clients to navigate the complexities of IT and Telecom sourcing. We provide customized solutions that optimize contracts, ensure regulatory compliance, and foster innovation—all while managing risks. Ready to see how we can elevate your procurement strategy and deliver measurable results? Follow the link below to read the full Insight and learn more about how you can optimize your IT and Telecom sourcing! #Procurement #ITProcurement #IT #Telecom #CostOptimization https://lnkd.in/g9mvb_fk

Has your organization thought about optimizing your marketing sourcing? If not, here’s why it might be time to elevate your approach to marketing strategic sourcing... For more information, read the full Insight at the link in the comments! #marketingsourcing #strategicsourcing #marketingprocurement

The strategic management of IT procurement and Telecom spend is one of the more challenging areas for procurement to partner as the complexity of scope, data integrity, and interdependences are all integral to a company’s success. Partnering with the right suppliers can deliver not only cost savings but also innovation and cybersecurity resilience. Here is a list of key challenges when it comes to IT Procurement Spend... 🚩 Rapid Technological Advancements 🚩 Telecom Spend Optimization 🚩 Cybersecurity Risks 🚩 Innovation vs. Cost 🚩 Supplier Diversity At Velocity Procurement, we help clients navigate these challenges with tailored strategies, driving innovation and cost efficiency. Learn more about how we can optimize your procurement outcomes in our most recent Insight!

Discover how professional contract management services can help you improve vendor performance, cut costs, and more. https://lnkd.in/gJtqgHZg

For years, marketing leaders have grappled with the challenge of creating impactful messaging that drives business growth, all while navigating tight budgets. Velocity Procurement's latest Insight reveals a critical resource that marketers often overlook: Strategic Sourcing. By fine-tuning the way marketing is sourced, we not only cut costs but also enhance the effectiveness and flexibility of campaigns. Strategic Sourcing isn’t just about saving money—it’s about aligning marketing investments with broader business goals, leveraging data for informed decision-making, introducing new options, and building long-lasting partnerships. As we look ahead to 2025 and beyond, mastering marketing sourcing will be the differentiator between those who lead the charge in business growth and those who fall behind. 🏃♂️ 💨