Dealing with supply risk: becoming a customer of choice
Assuring the supply base and its viability is currently an important procurement goal. So how exactly are organisations dealing with mitigation of supply risk? What can you learn and adopt?
Dr Stefan Gassner | Managing Director
Effecting significant change in such a well-entrenched and established profession such as procurement is a real challenge. But that’s what gets us out of bed every morning.
Modern day procurement teams are in a unique position to become trusted internal advisors delivering visible and tangible results well beyond just cost savings and tender processes. All it takes is a helping hand from some experts without attitude.
Enter Grosvenor
We have over 25 years of experience delivering sustainable high-value returns and benefits to our clients.
The high level of demonstrable effectiveness we achieve is linked to our belief that the only way to achieve genuine long-lasting results is to successfully transfer knowledge to your team.
Exchanging know-how and expertise at the highest level is core to our advisory ethos.
Our willingness to embed our knowledge and IP into your team is a clear difference you'll appreciate in any engagement with Grosvenor.
Assuring the supply base and its viability is currently an important procurement goal. So how exactly are organisations dealing with mitigation of supply risk? What can you learn and adopt?
Unfortunately, not all procurement teams get to enjoy full benefits from their technology solutions. Why is that? Learn how to avoid missing out these crucial benefits.
Well, it’s often been suggested that Finance and Procurement are at loggerheads about what is good for the organisation. Is it savings? Is it risk reduction? Is it ensuring that sustainability a core focus, or even commercial outcomes? All of the above?
With spend in supply chains representing an average of 60% of an organisation’s budget, procurement strategy and processes have a profound ability to affect the social, environmental and economic sustainability of business at large. The power of procurement to contribute, both positively and negatively, to sustainable objectives has never been so widely recognised.
Prioritising your procurement initiatives would be a lot easier if indicators existed that helped you determine where your most likely source of savings is going to come from. Deriving this set of indicators, we started with the four spend levers that we know are available to procurement folk.
A game changing guide for modern (next generation) procurement professionals.
Being able to influence the business on how to use all available procurement levers, not just aggregation and tendering, is critical to drive the next wave of procurement savings and benefits for your business.
Great in theory but how can we as a profession effect significant change to such a well-entrenched and established way of working?
Perhaps the first and most important step is to think differently and not be afraid to question conventional thought.
In this guide we introduce to you three game changing ways of viewing and approaching existing business problems, namely:
This is not just theory, from our research of more than 250 Australian organisations we know that turning the ship around to better source and manage suppliers leads to an increase in performance of 29 percent!
Download your copy where we turn the world of procurement on its head, challenge the status quo and share our insights for dramatic supplier performance improvement.
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