
As well as serious implications for people’s health, the coronavirus (COVID-19) is still having a significant impact on businesses and the world economy. At INVERTO we are working closely with organisations both in the UK and globally to help them prepare and respond.
The impact of the pandemic has triggered immediate P&L impacts on businesses across the world. These impacts can be translated into various effects depending on the industry, ranging from revenue losses and reduced workforce utilisation to bottlenecks in supply chains. Therefore, businesses must develop measures that will impact earnings through cost optimisation by enabling them to emerge stronger and survive in the long term.
Procurement has a substantial hidden potential to reduce costs within your company and plays a central role in targeted value creation. As a procurement consultancy, we identify and unlock your procurement potential and provide you with full support to reduce your procurement costs. This support results in savings, an optimal supplier portfolio, efficient processes, and well-established expertise for your employees regarding strategic and operational purchasing.
Reduce your procurement costs through supply chain transparency, an optimal supplier portfolio, and our comprehensive procurement consulting approach.
Performance Check, Benchmarking, potential analysis, spend cube & implementation
Performance Check
The performance check is a standardised approach where we examine your procurement strategies, processes, organization and resources. We use the results to show you areas where there is potential for procurement cost reduction, improvement and what measures can be implemented to unlock it.
Benchmarking
Our benchmarking approach compares the collected data to the industry average and the best-in-class values of your competitors. Our many years of consulting experience in diverse industries allow us to provide benchmarks for your entire purchasing organization or selected processes and resources. From this, we calculate the realistic potential for improvement within your company to significantly reduce your procurement costs and improve your procurement performance for the long term.
Opportunity Assessment
Our opportunity assessment comprises segmenting and analysing the cost of all procurement goods, purchased products, and services according to categories. We analyse all categories as required right down to the item level to unlock all potential procurement savings. We also consider the current procurement and market situation of your categories and procurement goods. As a result, we will provide you with the specific details of what levers are suitable to achieve savings and what cost savings can be realized.
Spend Cube
Creating a spend cube allows us to achieve full transparency in terms of your procurement and indicate where improvements are possible and what measures can be implemented to achieve them. This new overview of suppliers and responsibilities makes procurement processes much faster and allows you to understand better how you can increase your procurement efficiency for the long term.
Implementation
Our focus on implementation and many years of consulting experience means that we deliver you results. Work with us and get the benefit of our implementation expertise gained from over 2,000 purchasing initiatives.
With our specially developed software e-contor, we carry out tenders and represent you in negotiations. We will support you right up to the implementation of your new processes and/or until you have completed the transition to your new suppliers. The result of our projects is contracted with suppliers, which permanently secure your target savings and optimum quality standards.
If required, our experts are available to train your procurement staff via tailored training and coaching modules. Firstly, we determine your training needs and offer development programmes or individual training sessions to teach technical and methodological knowledge and specific topics.
What will be procurement’s purpose and future role in an organization? What impact will it have in the future? How can you shape procurement’s role and performance? Who & what will influence procurement in the years ahead?
Over 185 procurement leaders from different organizations and industries took part in INVERTO’s latest CPO Survey “Procurement Purpose & Impact” to answer these questions. The study seeks to understand how procurement transforms, thereby exploring and effectively mapping the links between procurement’s purpose, its role, capabilities, future ways of working and the impact that procurement delivers.
Our white paper will give insights on the key findings of the survey and will explain what to consider when shaping procurement’s future.
Do you want to find out which concrete cost-saving opportunities exist in your procurement?