Are you thinking of reviewing your procurement processes, but you’re not sure how to approach this? We recommend a procurement review if you lack transparency in the following four areas or if you want to uncover potential for optimisation.
How to identify and leverage optimisation potential through a procurement review
We know from practice why it’s worth it; every review reveals weak points – even in well structured procurement departments. Let us show you how to find out whether a review is right for your procurement department and how a good procurement review is typically carried out.
Are standards being complied with? Are internal and external regulations firmly ingrained in day-to-day processes? Can standards and processes be improved and made more efficient? We will create transparency by checking against external and internal regulations and ensuring compliance with them.
Are there any signs of gaps in the internal monitoring system? Is it tailored exactly to the needs of your company? We will carry out an assessment of the functionality, effectiveness and adequacy of the internal monitoring system to ensure security in the long term.
Are your processes appropriate and efficient? Is performance being optimally measured? We check processes for efficiency and identify possible improvements, which we would then be pleased to implement.
Are there any doubts about compliance and the company’s associated internal policies? With our procurement review, you can ensure that your Procurement team operates reliably.
So how do you go about performing a procurement review?
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Step 1: Transparency of current situation
The first step of a procurement review is to examine the structures and processes in strategic and operational procurement for weaknesses. It is usually necessary to check all of a company’s procurement-related documents and also consult the employees concerned. Obtaining findings in this way allows project managers to identify the current procurement processes and supplement them with information from survey interviews. This produces a description of the status quo, which contains the first indications of potential gaps and flaws in the procurement process.![](https://www.inverto.com/wp-content/uploads/2021/08/Deepdive.jpg)
Step 2: In-depth review of analysis results
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