The recent crisis hastened the transformation of purchasing. First, this involves extending purchasing’s scope. The constant search for savings has led the purchasing function to align more closely with in-house customers along its service duties. This step forward can only be achieved if strong processes are in place. Elaborating sourcing strategies, managing the risks associated to suppliers, gaining a deep understanding of supplier markets and mastering the cost breakdown structure are examples of key processes to be mastered by most of the companies.
How BearingPoint brings value
Establishing efficient processes is essential to ensuring the overall performance of the purchasing department. Focusing on the added value brought to the company is the key to improving processes and defining ‘best practices’.
Moreover, setting accurate KPIs is mandatory in order to measure and instil a culture of continuous progress.
We can help you achieve excellence through improving your purchasing processes: