UNCOVER OPPORTUNITIES, UNLOCK POTENTIAL
OUR PROCESS
We deliver tailored, client-focused assessments to identify needs, challenges, and opportunities for impactful, strategic transformation.
Comprehensive Assessment
We analyze your operations, processes, systems, supplier relationships, spending, and risks. Insights from stakeholder interviews and data-driven analysis provide a clear understanding of strengths and opportunities.
Diagnostic Reporting
Our detailed diagnostic report highlights findings, identifies improvement areas, benchmarks practices, and delivers tailored recommendations to enhance procurement performance.
Presentation and Planning
We present findings to your team, facilitate discussions, and collaboratively develop a roadmap to implement strategic improvements.
Dynamics we assess
Key Areas Driving Change
Together, we will create solutions and support your goals every step of the way.
01. Process Efficiency
We evaluate your procurement cycle to identify inefficiencies, streamline processes, and eliminate bottlenecks.
02. Technology Integration
Our team assesses digital tools, ensuring they align with business processes and recommending solutions for better functionality.
03. Supplier Management
We enhance supplier relationships by analyzing performance, tracking metrics, and improving collaboration.
04. Spend Optimization
We identify cost-saving opportunities through detailed spend analysis and ensure budget alignment.
05. Risk and Compliance
We assess risk management practices, mitigate vulnerabilities, and ensure regulatory compliance.
06. Change Management
We develop strategies to support digital transformation, including readiness assessments and tailored training.
07. Performance Tracking
We define KPIs and establish dashboards for monitoring procurement success and driving data-driven decisions.
Outcomes we create
Success Stories
“With the help of Groves, the buyers’ jobs have become so much better—manual processes no longer tie then down. They’ve become more strategic, helping us drive value instead of just pushing buttons.”
– Janice Dylla, Baylor College of Medicine
“Working with Groves was transformative for our procurement operations. Their expertise in JAGGAER enabled us to optimize our processes and achieve greater efficiency.”
– Tara Mistretta, Point32 Health
“Groves adeptly navigates the dynamic decision-making processes within our company, consistently providing support and direction to ensure decisions align with our objectives.”
– Joanna R., Project Manager, Large International Biotech Company
ASSESSMENT & STRATEGY FAQS
A procurement assessment comprehensively reviews an organization’s procurement processes, policies, and performance. It identifies inefficiencies, evaluates supplier relationships, and benchmarks the current state against best practices. The goal is to uncover opportunities for improvement and cost savings.
A procurement assessment helps to:
- Identify cost-saving opportunities.
- Improve supplier performance and relationships.
- Streamline processes for efficiency.
- Ensure compliance with procurement policies and industry regulations.
- Drive value through strategic sourcing.
A typical procurement assessment reviews:
- Supplier management and contract negotiation.
- Spend analysis and savings potential.
- Procurement processes and systems.
- Risk management and compliance.
- Procurement organization and talent.
- Sustainability and ethical sourcing.
Developing a procurement strategy typically involves:
- Understanding business objectives: Align procurement with the organization’s overall goals.
- Spend analysis: Assess current spending patterns to identify potential savings.
- Market research: Study supplier markets to identify risks and opportunities.
- Category management: Develop strategies for key categories based on value and risk.
- Supplier relationship management: Build partnerships and leverage supplier capabilities.
- Technology and tools: Identify procurement technologies that can automate and improve the process.
The duration depends on the organization’s scope and complexity. For small—to medium-sized businesses, a procurement assessment, including data gathering, analysis, and reporting, can take anywhere from 8 to 12 weeks.
Key deliverables often include:
- A detailed report of current procurement performance.
- Identification of savings opportunities.
- Recommendations for process improvements.
- A roadmap for implementing strategic procurement initiatives.
- Risk assessment and mitigation strategies.
Performance tracking includes:
- KPIs (Key Performance Indicators): Monitoring cost savings, compliance rates, supplier performance, etc.
- Spend visibility tools: Using procurement technology to track and analyze real-time spending data.
- Supplier scorecards: Regularly reviewing supplier performance metrics.
- Internal audits and feedback loops: Continuous improvement through feedback from stakeholders.
Take the next step toward success.
Schedule a consult today!
LATEST INSIGHTS
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