Step one: Strategic procurement review

The first step in improving your procurement process is to review your current arrangements.

Such a purchasing audit reveals the hidden weaknesses and costs of your current position, and highlights the procurement savings possible through introducing an integrated purchasing solution.

Stenmoore handles the procurement review on your behalf. After an initial meeting we spend time collecting data and talking to selected members of your finance and procurement teams. Then we review our purchasing audit findings and categorise spending in more detail. Finally we come back to you with a full procurement profile for your company.

This profile shows the number of suppliers you have, their varying costs, and where efficiencies can be made through restructuring the supply chain. It also quantifies the costs of procurement in your company at present. These baseline figures are a simple way for you to judge progress in the future as you introduce improvements and become more efficient.

Step two

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