Procurement
Contact Thames Transformation Partners for detail information.
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Contact Thames Transformation Partners for detail information.
Prioritising your investment of resources towards high-value work can be a game-changer in your business growth. If you’re thinking of optimising your resources, redesigning your procurement process can transform your business in no time.
The most efficient procurement system can save a colossal amount of monetary resources annually. Your business can better utilise this to research and develop new products, support scalability, and innovate to growth hack the market. But to achieve so, your procurement system has to be agile enough to adapt to the dynamic business landscape.
A robust procurement design will successfully fulfil foundational activities like handoffs, outsource, and eliminating outdated procurement sub-process. The procurement model design efficiency can be measured through its value in the long term for your company stakeholders. Funding growth, alleviating risks, and working parallel to organisations are top indicators that demonstrate its efficiency.
Efficient procurement management systems can level up your business profitability and performance in the long term. Locating key determiners of operating costs like multiple suppliers, undiscounted purchases, mismanaged payment terms, and Day’s Outstanding Payables (DPO), poor supplier management, “Maverick buying”, and non-optimal price negotiations, your business can redesign based on the activities that are priorities and make changes in the design of the complete procurement process.
The best procurement teams ensure an enterprise buying process that is laser-focused on adding value to the core of the business, the customers. It keeps the momentum of the company going, decluttering the business for productive work.
Thames Transformation Partners has been a growth hacking partner for many companies.
We understand procurement functions from the forefront. To ensure our collaborators yield the most from an efficient ‘buying’ process, we create processes and designs that keep the primary transactional facets of procurement intact while creating room for reiteration of fast adaption with the business landscape. To do so, we make heavy use of bleeding-edge procurement technologies that enable companies to integrate control and service meeting business needs. eProcurement, supplier-relationship management, workflow tools, and authorisation tools are some of them. In the final stage, we deploy these technologies in an agile and ROI-driven approach irrespective of the ERP platform it is powered on.
At Thames Transformation Partners, we cater to services like strategic sourcing and diagnostics, outsourcing advisory, e-procurement, supplier relationship management expertise, and operational improvement.
We have provided our expert assistance from end-to-end in the procurement process. From implementation drill to optimising procurement strategies meeting service goals and costing goals, we have saved millions of dollars for our partner organisations. Know how you can keep your resources today. Book a free consultation now.
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