General Approach & Objectives
Establish a list of best in class procurement/sourcing practices and organize the deployment via projects milestones
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Review client’s policies/procedures and establish clear operating standards that are aligned with unique cultural considerations
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Always shift priorities toward strategy and produce clear ROI with YoY sustainable results
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Partner with client’s FP&A to assess the proposed spend and proactively identify areas of sourcing opportunity while building leverage
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Confirm value creation along the way and measure budget impact
- Focus on key projects and expected value. Project annual savings and spend commitments.
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Provide commercial review based on goals
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Develop templates/operating standards while ensuring risk mitigation and BCP
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Establish robust, quantifiable supplier performance program. Transition poor performers from the supply base and expand good performers.
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If possible, deploy no PO, no pay policy and streamline expense management
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Implement sourcing levers such as pull-a-heads, COLA, long term agreements, expiries
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Look into leasing as cash infusion
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Review expenses and categorize based on commodities