Continuous pressure on the cost savings is also reflected in procurement. Companies have to deliver innovative products at lower costs. Procured goods and services already comprise 60% of an organization’s cost base, and this figure is growing rapidly.
Today’s procurement must have performance management approach to be successful. Targets and goals must be defined and translated into specific measures in order to facilitate the optimization and measurement of purchasing success.
Successful procurement integrates:
- Strategic Purchasing
- Cost Management
- Supplier Management
- Risk Management
Companies can save approximately 8 to 30 percent and free up cash by applying integrated procurement solution to what they buy and how they buy it. Key Consulting helps companies achieving these results by creating high performance procurement organization, reducing their cost base and improving their supplier’s base.
Key Consulting capabilities include:
- Strategic Supplier Management
- Procurement Organization Optimization
- Procurement Planning and Controlling
- Supplier Readiness Management