Corcentric Procurement Transformation Advisory Services help leading organizations build best-in-class capabilities through our rigorous procurement organizational structure assessment and redesign methodology
Procurement has evolved into a proactive, strategic agent for change across enterprises. But, Procurement’s full value can only be realized with a proper-fit organizational structure that matches the enterprise’s particular size, industry, and objectives. Corcentric’s Procurement Organizational Assessment and Redesign team has defined excellence in Supply Management and Strategic Sourcing since 1992, conducting countless strategic sourcing and procurement optimization initiatives for clients in dozens of industries.
Our Procurement Transformation experts are uniquely qualified to assess your department’s Procurement Organizational Structure and provide redesign recommendations that will optimize your supply management operations and maximize its impact in the form of cost reduction strategies, savings compliance monitoring, and supplier relationship management. We know what distinguishes a great Procurement team and we’re prepared to help yours achieve best-in-class capabilities.
Procurement Organizational Assessment
- Our Strategic Sourcing experts will engage your Procurement team to collect all relevant data and documentation; including Procurement job listings, role descriptions, salary information, and your company’s overall staffing strategy to identify service gaps and inefficiencies in your operations.
- Your entire Procurement department will be surveyed to assess skill and role alignment, policies, and short and long-term supply management goals.
- One-on-one interviews with Procurement employees as well as internal and external stakeholders will be conducted to assess Procurement’s performance and its perception throughout your company.
- Upper management will be engaged to assess company-wide strategies and goals, and Procurement’s role in driving them.
- We’ll partner with HR to determine how Procurement fits into your business’ recruitment strategy and hiring policies.
- These findings will be leveraged to conduct a full Procurement maturity assessment, comparing your team’s performance and structure to those of best-in-class procurement organizations in order to develop procurement organizational structure redesign strategies.
Redesigning Procurement Organizational Structure
Once completed, we’ll develop a plan for maximizing your Procurement organizational structure assessment across your company.
- A benchmark assessment of your internal operations will be conducted, providing a clear view of how your Procurement team compares to industry leaders.
- The interview process will help provide recommendations for restructuring Procurement to produce maximum value, such as redefining individual roles within the Procurement department, establishing a new chain of command, or implementing more effective hiring strategies.
- A customized, practical plans for Procurement to act upon our recommendations will be developed.
- Our experts will assist in the implementation of the Procurement redesign strategy, with support through Procurement advisory services, staff augmentation consulting, and the development of Procurement training programs.
Procurement Strategy Optimization
Our Procurement Transformation Advisory Services can help your team reach its full potential by providing additional resources:
- Unparalleled access to Procurement and Strategic Sourcing market data
- Smoother procurement processes that lead to efficiency and savings
- Assistance in selecting the right procurement technology and the right components of sourcing systems to meet your specific needs
- Supplier management programs to help Procurement strengthen new and existing relationships
- Category-specific subject matter expertise to examine Procurement’s challenges and provide effective, customized solutions
- A knowledge-transfer path including the use of free eSourcing tools after any engagement
Procurement Performance Management Services
Procurement Transformation Results
- Increased executive investment in Procurement
- Increased stakeholder buy-in both internally and externally
- Greater category coverage for Procurement and ultimately total spend under management
- Reduced costs for processing purchase orders and the entire Procure to Pay (P2P) lifecycle
- Reduced cycle times for Procurement’s purchasing processes
- Reduced spot buying for more efficient procurement
- Greater visibility into Procurement’s purchasing efforts
- Increased quality control in Procurement’s purchasing processes
- New visibility into purchasing trends for more effective forecasting
- Elimination or reduction of any ineffective Procurement functions and processes
- A more efficient structure and staffing strategy for Procurement
- The renewed engagement of an empowered Procurement team
Resources
Our latest customer case studies
Restaurant chain beefs up revenue and security with payments solution
Restaurant chain unlocks revenue and peace of mind with electronic payments.
Accounting firm unlocks complete financial visibility and positive cash flow with custom AP solution
After going live with Corcentric Payments and AP workflow technology, this accounting firm has seen…
Global distributor transforms procurement function with guided buying and Managed AP services
A leading specialty chemical and ingredient distributor had grown substantially over the years due…