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Procurement Transformation

Source-re Procurement Transformation

Procurement performs a vital and varied role in the organisation of the future with increasing focus on working with third parties in alliances and partnerships. And as organisations become more demanding in their appetite for real-time cost transparency, the critical role that procurement provides in data and spend analysis is growing.

At source-re we focus on working with leadership teams to face into the mounting pressure to deliver results in an increasingly complex environment.  Transforming procurement functions can be a large undertaking, but brings significant results strategic growth, agility, cost control and reduction, compliance and quality.

Alongside successful transformation sits the need for great talent to handle these challenges.  Source-re responds to these challenges by working with and providing its clients with not only highly experienced but innovative and digitally literate procurement and supplier management specialists to facilitate the journey.

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We build tailored solutions for customer needs

Source-re applies trusted analysis methodologies and deploys industry leading tools to understand our clients’ procurement status and needs.  We will utilise best practice, tools and templates known to drive results but at the heart of source-re lies our mission to design solutions driven by client needs. We are dedicated to working with our clients to find the right solution for your specific business challenges.

Deliverables that Deliver

The Source-re approach helps clients to rapidly identify opportunities, realise savings, design efficient procurement structures and optimise operational procurement processes whilst ensuring ongoing cost and risk management using effective contract and supplier management.

Source-re Services

1.  Procurement Diagnostics

1

Procurement maturity profile and identification of improvement areas
2

Rapid spend analysis across the third party estate providing cost transparency and spend intelligence at pace
3

Identification and prioritisation of savings opportunities and improvement initiatives

2.   Procurement Triage

1

Prioritisation focus including contract exit and risk assessment
2

Bottom line spend reduction within 3 to 4 months (typically up to 15% of addressable spend)

3.  Organisational alignment and integration with the business

1

Development of business aligned and appropriate procurement operating model
2

Improved procurement responsiveness and agility to realise growth strategies

4.   Talent optimisation

1

Ongoing value delivery by developing procurement capabilities
2

Rapid sourcing expert deployment for complex projects

5.    Processes, systems and policies

1

Better use of IT to drive bottom line savings
2

Development of business appropriate policies, processes and compliance methodologies
3

Reduction in contractual risk and off contract purchases
4

Ongoing value delivery through supplier management
5

M&A contract solutions

6.   Procurement Excellence

1

Process Optimisation and Tool Selection & Implementation
2

Contract & Supplier Relationship Management
3

Strategic growth strategies

Source-re combines its in-depth expertise in Sourcing & Procurement, Supplier and Contract Management to offer an integrated solution.

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