Tailored policies for enhanced procurement control
Many organisations operate with an ‘ad-hoc’ and reactive approach to procurement. Without well-crafted policies and processess in place, the outcome is – duplication of effort, overspending, poor procurement management, and missed opportunities for financial gains and overall excellence.
Elevate your procurement practices with our tailored Procurement Policies and Procedures. Customised to your organisation, these policies ensure better procurement control, cost/risk management, and operational efficiency. Linked with our Procurement Training, these policies provide in-house procurement professionals with reviewed benchmarks, freeing capacity for day-to-day operational needs. Receive bespoke policies, associated processes, and a suite of templates aligned with the policy, enhancing compliance, efficiency, and transparency in your procurement processes seamlessly.
Your path to procurement success starts here
Our solution is simple yet transformative. It begins with the belief that best practice, strategic procurement is built upon sound procurement policies and processes. Here’s how we make it happen:
How it works – our 6-step process
-
consultation
We kick off by engaging in consultations with key stakeholders. This allows us to understand your current procurement landscape, including needs, challenges, and frustrations.
-
policy development
Armed with insights from the consultations, we craft a Procurement Policy that not only aligns with your organisation's objectives but also follows industry best practices.
-
policy formation
You'll receive your tailored Procurement Policy, open for your review and feedback. Our aim is to ensure it mirrors your vision and priorities.
-
cross-reference and benchmarking
To guarantee consistency and compliance, we cross-reference your Procurement Policy with existing policies, including those in finance and anti-fraud.
-
implementation plan
Together, we'll develop a comprehensive implementation plan. This might encompass training sessions and a rollout strategy, ensuring a seamless integration across your organisation.
-
ongoing support
In the crucial initial months of policy implementation, our team will stand by your side, offering invaluable procurement advice and guidance. Our goal is to make the transition smooth and the adoption successful.
With our procurement policies and procedures package, you'll unlock a world of benefits
- We bring specialised knowledge and expertise in developing procurement policies and procedures based on industry best practices. This ensures that your organisation adopts effective and efficient processes aligned with current standards.
- We tailor procurement policies and procedures to meet the specific needs and goals of your organisation. This customisation ensures that the policies are practical, relevant, and aligned with your business objectives.
- We are well-versed in local and international regulations governing procurement. This means we can create policies that ensure compliance with legal requirements, reducing the risk of legal issues and ensuring a solid foundation for procurement activities.
- Robust procurement policies help identify and mitigate risks associated with procurement processes. This includes risk assessment methodologies, contingency planning, and strategies to minimise exposure to potential risks, forging a more resilient procurement environment.
- Well-designed policies and procedures contribute to cost savings by optimising procurement processes. This includes streamlining workflows, negotiating favorable terms, and identifying opportunities for cost reduction, ultimately improving the overall efficiency of procurement activities.
- Procurement policies and procedures establish a standardised approach to procurement activities. This consistency ensures that all staff involved in procurement follow the same guidelines, reducing the likelihood of errors and promoting a unified approach across the organisation.
- Clear and well-documented procurement policies promote transparency in decision-making processes. This transparency enhances accountability, making it easier to track and assess the performance of procurement activities.
- Policies that are adaptable to changes in the business environment, industry trends, and regulatory landscapes allows your organisation to respond effectively to evolving circumstances.
Don’t underestimate the significance of procurement. It’s time to invest in a procurement policy that not only safeguards your financial, quality, and supply risks but also paves the way for lasting success.
No simpler way exists to transform your organisation’s procurement than with our services.
We provide different packages granting access to expert tools and guidance, enabling you to achieve procurement maturity faster.
Our services cover Procurement Maturity Assessment, Spend Analysis, Strategic Procurement Strategy, Policies & Procedures, Sustainable Procurement, Contract Management, and more.
Choose from our subscription plans – Rapid (£5,300/month) or Boosted (£7,999/month) – offering a range of services and benefits.
Get started today and witness your procurement practices reach new heights, effortlessly.
