Friday, 1 July 2016

What Can One Get from Procurement Consultants in the UK?


Business intelligence is crucial for the success of procurement organisations at leading corporations worldwide and in the UK. To save money and time, these organisations hire procurement consultants when they need to make important decisions based on facts. Procurement professionals can provide high-value and fully customised analysis and research in supply chain and procurement intelligence to help reduce risk and unlock hidden value. Here are some of the things an organisation can get from procurement consultants in the UK:

  • Actionable intelligence – Working with procurement consultants can help your business gain the most important information about your suppliers, procurement categories, and supply chains. That way, you can plan and act more proactively. Reputable procurement intelligence solutions specialists provide critical, actionable, and comprehensive information at every stage of the procurement life cycle.
  • Access to many information sources and suppliers worldwide – Procurement consultants in the UK have an in-house database of thousands of online information sources and millions of suppliers. Hence, they are capable of generating actionable insights and intelligence for stakeholders like category managers and chief procurement officers.
  • Assistance to procurement officers and departments – With procurement consultants, it will be easy for procurement executives to benchmark and measure the performance of incumbent suppliers, detect early warning signs on supply chain risk, track the changes in procurement categories, and meet requirements for compliance when monitoring suppliers. Professional procurement consultants can help procurement officers ensure a sustainable supply chain and establish stronger relationships with suppliers. They may help identify levers for cost savings and negotiations and discover niche and new suppliers.
Sustainable procurement intelligence – Procurement consultants in the UK can assess your suppliers' sustainability performance to identify opportunities and risks caused by their social, governance, and environmental performance. Likewise, they can identify best practices for sustainability to help your suppliers improve their performance.

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