Gatekeeper ’s Post

Want to drive more value in your Procurement process? Here’s the key 🔑 Aim to deliver more with less. Sounds easy, right? But it’s not as simple as it seems. It requires a strategic approach to Procurement, which includes: ✔️ Identifying the key areas of spend ✔️ Analyzing the supply chain ✔️ Conducting supplier performance reviews ✔️ Negotiating better contracts ✔️ Managing risk and compliance These steps will enable you to optimize your procurement spend and drive more value into your business 💰 So, if you’re looking to get the most out of your Procurement process, get in touch with us today 🤝

When a business or employee say they don’t need procurement… #procurement _________________________ 😃 Hi I'm Steve Walton. I help companies to fully realize the value procurement brings in terms of cost savings, risk mitigation, supplier innovation and sustainability. DM me if you’re ready to move procurement beyond a tactical purchasing function. 💸📉📊

Strategic and Tactical Procurement play distinct roles in procurement, and it's essential to understand the differences between them. While the two dimensions are interconnected, they serve different purposes in the procurement process

We understand that the bottom line is at the top of every procurement leader’s agenda. We work with dozens of global manufacturing enterprises and recommend they adopt several strategic approaches to enhance cash flow and procurement cost savings. 1) Identify areas for improvement in your procurement structure 2) Restructure an inefficient procurement structure 3) Extend payment terms for increased cash flow (we can help with that!) 4) Implement regional procurement strategies 5) Develop a strategic procurement framework How do you go about executing on these? Dive into the blog here https://hubs.ly/Q02HJ_WV0 Did we miss any? Let us know!

When someone in the business says...”You only issue PO's right?" #procurement _________________________ 😃 Hi I'm Steve Walton. I help companies to fully realize the value procurement brings in terms of cost savings, risk mitigation, supplier innovation and sustainability. DM me if you’re ready to move procurement beyond a tactical purchasing function, and need consultancy and training. 💸📉📊

PROCUREMENT MATURITY OVER TIME What is your Current State? What is your Ambition? 🔼 Basic → Focused purely on purchasing transactions → No Company-Wide Procurement Strategy → Spend Leverage → Lack of Consistent Processes → Little or no understanding of Supplier Performance 🔊 Responsive → Repeatable Processes → Good Compliance Management Processes/ Procedures → Procurement Primarily involved in T&C review, negotiation and some price review → Reactive support to business ⚙️Developing → Defined policies, procedures and processes → Organization-wide procurement strategy developed but not fully integrated with corporate strategy → Defined supplier selection process → Single source of truth for spend and savings 📶 Advanced → Seen as a strategic partner by senior management → Organization-wide procurement strategy developed and widely understood → Embedded Category Management → Procurement also influences demand to drive efficiencies 🏅World Class → Recognized across the organization as a Strategic Partner in managing costs → Provider of Innovative Sourcing and Commercial Expertise → Consistent use of Total Cost of Ownership → Total separation of Strategic Vs Transactional Work.

Does procurement have you scratching your head? 🤔🤔🤔 If so, you’re not alone! Procurement can be relentless with increasingly overwhelming demand and inflationary challenges. Our specialist course equips those working in and alongside the procurement function with the knowledge, understanding, and tools they need to successfully manage and optimize supplier relationships and procurement activities. We cover not only what you need to do but also why it’s important and how to engage and align stakeholders throughout the procurement process. 👇👇👇 https://lnkd.in/eMKZWKti

PROCUREMENT MATURITY OVER TIME What is your Current State? What is your Ambition? 🔼 Basic → Focused purely on purchasing transactions → No Company-Wide Procurement Strategy → Spend Leverage → Lack of Consistent Processes → Little or no understanding of Supplier Performance 🔊 Responsive → Repeatable Processes → Good Compliance Management Processes/ Procedures → Procurement Primarily involved in T&C review, negotiation and some price review → Reactive support to business ⚙️Developing → Defined policies, procedures and processes → Organization-wide procurement strategy developed but not fully integrated with corporate strategy → Defined supplier selection process → Single source of truth for spend and savings 📶 Advanced → Seen as a strategic partner by senior management → Organization-wide procurement strategy developed and widely understood → Embedded Category Management → Procurement also influences demand to drive efficiencies 🏅World Class → Recognized across the organization as a Strategic Partner in managing costs → Provider of Innovative Sourcing and Commercial Expertise → Consistent use of Total Cost of Ownership → Total separation of Strategic Vs Transactional Work.

When #procurement review the ‘small-print’ on a 192 page supplier contract…(Sigh) _________________________ 😃 Hi I'm Steve Walton. I help companies to fully realize the value procurement brings in terms of cost savings, risk mitigation, supplier innovation and sustainability. DM me if you’re ready to move procurement beyond a tactical purchasing function, and need consultancy and training. 💸📉📊

Understanding the Importance of a Procurement Strategy in Today's Business Landscape Here are five key reasons: ➡ Financial Alignment: A well-planned procurement strategy ensures that sourcing and purchasing decisions positively impact the company's financial health. ➡Expanding Horizons: In today’s interconnected world, a carefully crafted procurement strategy is essential for managing international supply chains effectively and staying competitive. ➡Strategic Decision-Making: Beyond cost considerations, a strategic procurement approach empowers organisations to make informed decisions about manufacturing or outsourcing products and services. ➡Streamlining Operations: By optimising procurement processes, companies can reduce expenses, boost productivity, and focus more on their core business activities. ➡Customer-Centric Approach: A procurement strategy aligned with customer needs enables organisations to deliver products and services that meet market demands, driving growth.