Sourcing and Procurement

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Hero Description

Optimizing Procurement’s Value

Sourcing and Procurement

Protiviti Perspective by Nathan Jensen, Salt Lake City

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Transform procurement from transactional activities to strategic enabler and competitive differentiator

In today’s ever changing and complex business environment, sourcing and procurement plays an increasingly critical role in enabling operations, supporting growth, managing risk and reducing costs. Successful sourcing and procurement organizations address today’s needs and have the foresight to plan for tomorrow’s challenges and opportunities. To do this, leaders need to see and understand the inefficiencies and opportunities that exist throughout the entire procurement lifecycle, quantify the value of addressing these areas and then design and implement pragmatic solutions to realize sustainable benefits.

KEY PARTNERS:

Through our alliance partnerships, we connect innovative services and technology with consulting expertise to optimize business performance.

HOW WE HELP:

Utilizing our proven methodology, data and analytics, and collaborative approach, our team of experts help transform procurement departments to lead organizations in driving innovation and generating real value with bottom line results

Procure to Pay: We help optimize the entire procure to pay cycle to maximize efficiency and minimize risk, helping our clients maintain visibility and control over the end to end processes and related systems while improving internal stakeholder experience.

P2P assessments/audits and documentation
Process analytics and benchmarking
Process optimization and controls improvement
Technology selection, design and implementation

Third-Party Management: We deliver an integrated solution to assist organizations of all sizes in the assessment, design, and implementation of leading vendor/third-party management programs.

TPM program assessment, design, implementation
Technology enablement
Third party audits
Targeted issue remediation

Procurement Transformation: We help our clients design and implement optimized procurement organizations, including strategies and capabilities in Sourcing and Category Management, Procurement, Accounts Payable, Supplier Management, and Contract Lifecycle Management.

Process and Organization optimization
Technology enablement
Reporting and performance management
Master data clean-up and enrichment

Spend Analysis, Strategic Sourcing, & Category Management: We help our clients identify and deliver sustainable savings and cost reduction by leveraging best of breed technology and leading methodologies.

Sourcing and category management implementation
Spend assessment and transaction analysis
Strategic sourcing services

Contract Lifecycle Management (CLM): We design and implement CLM programs to effectively manage all commercial agreements through each stage in the contract lifecycle; maximizing operational performance, enhancing value and reducing risk.