The
role of procurement for an enterprise has evolved in a significant way from
what it was a few decades ago. Globalisation, intense competition, consumer
awareness is keeping the organisations under pressure. This is resulting in
their failure to perform to their full capabilities resulting in losses.
Procurement consulting companies
undertake the complete responsibility of procurement for an organisation. The
process involves
*Calling for tenders, selecting suitable vendors.
*Negotiations and build payment terms.
*Writing and signing contracts.
*Do the actual procurements.
Assessment and review:
They
analyse the client requirements and transform the traditional practices of
procurement. Instead of local sourcing, they rely on global sourcing which
brings in more choice, adds value and quality.
Brings
in changes in procurement:
The procurementconsulting companies have a team of expert professionals who create a
road map that would drive in savings. They design new strategies and find
solutions to the problem areas ushering efficiency.
Identify opportunities:
The
consulting companies have a huge database of suppliers and vendors. While
negotiating with the vendors, they ask for bulk quotes. This is because they
procure for multiple clients at one time and have the purchasing power and get
a better deal. This is passed on to the clients which bring in significant
savings and improves productivity.
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