Sourcing Process Management
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Optimized Sourcing
Procurement Consulting that rapidly improves the bottom line
Gain a competitive edge through our strategic management expertise. We help you secure high-quality goods and services at the best prices, fostering resilience and reliability in your supply chain.
Consulting services
Sourcing Process Optimization
Supply Base Audit
BPP begins by conducting a thorough audit of the supply base, evaluating existing suppliers, understanding their capabilities, performance, and potential risks.
Best Practice Procurement will assess supplier reliability, financial stability, and compliance with industry regulations. We will also review your RFP and bid management practices, negotiations and selection processes.
Systems Capability Analysis
Best Practice Procurement will help your team establish clear criteria for supplier qualification, considering factors such as financial stability, operational capacity, quality management systems, and adherence to ethical standards. We will also review the use of e-procurement systems, artificial intelligence (AI) for data analysis and predictive modeling, and blockchain for enhanced supply chain transparency.
Sourcing Management System
Leveraging its expertise, Best Practice Procurement will integrate industry best practices into the design of the sourcing management system.
We assist you in finalising your bidders list, conducting the sourcing process, managing the timeline, responding to queries and manage revisions/scope changes and negotiating.
We support you in compiling supplier responses, ranking and reviewing bid results with stakeholders, manage the shortlisting process, final negotiations / contracting process.
Additionally, we will help you optimize procurement workflows within the sourcing management system. This includes streamlining approval processes, automating routine tasks, and creating a user-friendly interface that enhances overall efficiency.
Monitoring and Capacity Building
Our consultants will assist the team in implementing robust performance monitoring and reporting mechanisms within the sourcing management system. This involves setting up key performance indicators (KPIs) and dashboards that provide real-time insights into procurement performance.
BPP will provide ongoing support post-implementation to address any issues, conduct regular system reviews, and assist with updates or expansions. This commitment to post-implementation support ensures the sustained success of the sourcing management system and allows for continuous refinement based on user feedback and changing business requirements.
Our Success Story