Procurement Transformation
Your roadmap to world-class procurement
Procurement transformation is a continuous process and at GEP, we help you strategically
integrate the procurement objectives of your businesses with their financial performance
goals. GEP follows a four-step process to accelerate procurement transformation:
- A tactical approach: this involves creating a procurement transformation blueprint
to address needs with effective assessment of challenges and objectives. It also
involves detailed evaluation of existing procurement and supply management activities.
- Increasing spend visibility: Along a transformation journey, it is important to
identify the number of key suppliers present and the amount of spend associated
with each.
- Creating better relationships: Dive deep into the key categories to be targeted, and create
a category management strategy for each. This can be done by finding ways to leverage
partners that complement the organization’s skills and expertise, and by focusing
on creating better relationship with key suppliers.
- Maintaining focus: It is vital to stay focused on the procurement process during
the transformation process. Attention to process efficiency and transformation process
governance will help ensure success in moving the organization forward, and avoiding
the tendency to lapse back into inefficiency and old habits.
Related links:
Organizational Design,
M&A Services,
Logistics Optimization,
Supply Chain Management