Procurement

Your supply side is essential to operating your business. Yet the rush to meet mounting demands by investing solely in your own internal procurement resources, tools and technologies can limit your options, adding cost and valuable time to the challenge.

Increase Savings While Optimizing Your Core Procurement Resources

Increasing pressure to make sustained financial improvements continues to drive demands to quickly reduce the total cost of ownership of goods and services procured from outside service providers.

A number of enterprises are also looking to achieve the benefits from early investments in technology that fell short on service provider and user adoption. The functionality and application of technology to improve procurement performance has shifted from early adopters to accelerated growth, including more sophisticated spend analysis, inventory optimization, use of reverse auctions for a broad range of purchases and tight integration of eProcurement to automate reconciliation and payment. Also, many companies now lack the skills and expertise to manage effectively across all spend categories, and developing needed competencies internally is costly and time-consuming.

TPI can help increase savings while optimizing your core procurement resources. We will work with you to evaluate and architect the best procurement service delivery framework to manage, automate and integrate all supply chain activities, including identification of less critical work that may be better performed by a third-party procurement service provider.

It is worth considering whether third-party procurement service providers truly deliver value beyond the avoidance of upfront investments. An increasingly large number of companies are engaging in complete outsourcing of accounts payables and selective outsourcing of spend categories and procurement processes. Outsourcing service providers can deliver greater economies of scale, process efficiencies and enhanced expertise that are typically not available or practical to deliver in-house.

Specifically, service providers offer the following:

  • Standardized and proven sourcing, procurement and payment processes spanning the source-to-pay lifecycle
  • Spend category and market knowledge
  • Access to best-of-breed technologies
  • Supplier enablement and catalog management
  • Communication and change management techniques to increase compliance
  • Infrastructure leveraged across multiple clients
  • Continuous improvement in efficiency and effectiveness driven by a competitive market

Team with Excellence

The experts in TPI’s Procurement Services practice partner with you to help your organization create enduring value within the procurement functions, achieve effective transformation and meet rapidly changing market demands.

We start by understanding your business, listening to your concerns and conducting a thorough assessment. We help you quantify the cost of your procurement function and identify whether resources are allocated to the most value-adding activities. Our expert advisors then partner with your in-house staff to evaluate alternatives and map out the path forward. We review the range of best practice opportunities for process improvements and then identify new tools that may be applied with immediate effect.

You benefit through the cumulative industry, service provider and consulting experience of our people and our deep procurement expertise. We help you make the most informed strategic decisions about procurement that impact your company’s bottom line. When you need expert advice and sound strategies, TPI can help.

Through a collaborative approach combined with the time-tested methodology and skill of TPI experts, you can design, implement and deliver a sourcing solution that brings process improvement to your supply chain management — with guaranteed results.

For more information, contact:

procure@tpi.net