K Consulting - Procurement and operations consultants

Best Practice Procurement

A structured approach for achieving breakthrough results

Overview


As specialist procurement and operations experts, K Consulting have years of experience of achieving breakthrough results procuring products and services in almost every conceivable category. The essential aim of best practice procurement is to match our client’s current future requirements to the market’s ability to satisfy those needs. The four major levers of best practice procurement are profit (negotiation), consolidation (improved unit cost amortisation), specification (buying only what is required) and structure (ensuring delivery in the most cost effective way).

In many procurement environments many of the opportunities that are presented by utilising all of these levers are under-exploited simply due to a
lack of available skilled resource. We aim to fill this skills gap either on a one-off project basis, or on an ongoing basis, providing additional skills and
capacity to deal with peaks in demand in the procurement process. K Consulting’s breadth of expertise, professional approach and flexibility provide an excellent basis for long-term partnership.

Key Steps


Best practice procurement Define scope through initial diagnostic
Establish baseline by assessing value and cost of products and service currently delivered
Identify levers that can be used and the potential opportunity as a result
Define specification required and business constraints
Complete market analysis including appraisal of existing suppliers
Define procurement strategy based on levers and market analysis
Tender and negotiate in partnership with key stakeholders
Define optimum scenarios and business impact
Award contracts and communicate internally and externally


Benefits

  • Skills Enhancement - provides existing procurement function with best practice skills and ‘toolbox’
  • Increased Capacity - delivering the capability to undertake procurement functions beyond the scope of existing personnel
  • Savings - significant savings on sourced products and services through implementation of optimum processes
  • Return on Investment - aim to deliver ROI on procurement projects through savings in 1 year or less

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