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Unsure if you are extracting maximum value from your approach to procurement and contract management? Feel that you would benefit from an external review using a proven methodology?
Our Maturity Assessment Consultancy Service provides an independent in-depth evaluation of your organisation’s procurement and contract management practices, helping you understand where your position is today and setting out a roadmap for improvement and increased value creation. We’ll provide you with the insight, the business case, tailored implementation plan and support required to drive change and optimise procurement outcomes.
Detailed analysis of 12-months spend data
Review approach to supplier and contract management – processes, documentation, and delivery.
Review procurement strategy and its alignment with the organisational stratcgy.
Review of policies, procedures, and governance.
Assessment of procurement-related targets and objectives and the associated measurements and reporting of performance.
Assessment of the systems in place to support key processes within procurement, contract management and the payment of suppliers.
Assessment of the current delivery model.
We recognise that every business is different, and procurement can often add value in a variety of ways. Before we start it’s important to understand your strategic direction, surface any concerns you may have, and agree specific outcomes from the assignment.
Our consultants will commence the assessment using our 6 Pillars Methodology, which incorporates Spend & Compliance, Supplier Management, Policy, Procedure & Strategy, Measurement & Reporting, Systems & Process, and Structure & Resource. This comprehensive analysis provides a clear picture of your current approach, highlighting areas of strength and weakness.
Next, we benchmark your organisation’s maturity against industry standards and best practices. This comparison helps you understand where you stand in relation to your peers and identify areas for improvement.
We then identify gaps and areas for improvement across each of the 6 Procurement Pillars. As part of this exercise, we consider alignment with organisational strategy and sustainability goals.
Finally, we develop a tailored improvement plan to address identified gaps and opportunities for improvement. This plan serves as a roadmap for your organisation to follow in order to achieve higher maturity levels. Within the plan we set out a detailed list of tailored recommendations and an associated priority status.
Organisations that leverage our Maturity Assessment Consultancy Service enjoy the following benefits:
By identifying inefficiencies and gaps in processes, the audit can lead to improved operational practices and cost savings. This means that your organisation can streamline its procurement processes, reduce administrative burdens, and achieve faster turnaround times, ultimately enhancing overall efficiency.
The insights gained from the Maturity Assessment provide valuable information that supports informed decision-making and strategic planning. With a clear understanding of the state of your procurement and contract management approach, you can make data-driven decisions that align with your long-term objectives and drive positive outcomes.
The assessment helps identify potential risks and vulnerabilities within your procurement function, allowing you to implement suitable mitigations. By proactively addressing these risks, you can enhance your organisation's resilience and ensure compliance with regulatory requirements.
By embedding agility, technology, and innovation into every aspect of the procurement process, your organisation can stay ahead of industry trends and maintain a competitive edge. This approach fosters a culture of continuous improvement and positions your organisation as a leader in procurement excellence.
Our Maturity Assessment service addresses your key procurement and contract management challenges, providing accurate data, accountability, and actionable plans that are effectively implemented. This service empowers your organisation with the tools and insights needed to transform procurement from a functional necessity into a strategic asset. Join us in redefining what’s possible in procurement and elevate your operations to new heights.
Fill in the form above to get more information about our Maturity Assessment Consultancy Service and start your journey towards operational excellence today!
