PROCUREMENT & COST MANAGEMENT EXCELLENCE HOME/THE EFESO GROUP/EXPERTISE/ INTEGRATED MOVE FROM A SUPPLY CHAIN TO A VALUE CHAIN APPROACH PROCUREMENT & COST MANAGEMENT EXCELLENCE The role of Procurement & Cost Management in today’s business arena is ever more important, in a context where complexity, speed and uncertainty have increased significantly. Building Procurement with a Value Generation approach, rather than price reduction, is on top of the agenda of any CPO to address internal and external challenges related to globalization, competition, uncertainty, and more. To enable a Value-based Procurement, in our view, key patterns are the following: ANDREA MONTERMINI EFESO Italy Schedule a call A value generation approach is crucial now that organizations are shifting from a Supply Chain to a Value Chain view, where Procurement is an integrated practice working with all the functions R&D, Supply Chain, Manufacturing and Sales & Marketing included. KEY STRATEGIES TO ADOPT TO WIN INTEGRATE PROCUREMENT IN THE END2END VALUE CHAIN Moving from a supply chain view to a full Value Chain view, in which procurement is a fully integrated practice, that works with all functions including R&D, supply chain, manufacturing and sales and marketing – to leverage value in cross-functional initiatives like Make or Buy, E2E loss reduction, complexity management. LEVERAGE COST MANAGEMENT Procurement can play a key role in Design to Value, Design to Cost and Should Cost initiatives, that typically allow CPO’s to exploit fact-based negotiations and fair-price evaluations, eroding waste in the collaboration with suppliers and helping taking decisions on the E2E lifecycle costs. EXPLOIT DIGITALISATION In addition to traditional source-to-contract and order-to-pay applications, Procurement can now take advantage of strategic sourcing tools, spend analysis advanced analytics, sophisticated cost engineering tools, and much more. ENHANCE CONTRACT MANAGEMENT As buyers are asked more and more to integrate with supply chain and ensure a 360° governance over suppliers. Proper attention to Contract Management enables companies to timely identify opportunities, reduce losses and manage risks proactively. BUILD FLEXIBILITY AND RESILIENCE After Covid-19 the importance of flexibility and resilience was made even more clear. Procurement can help building insourcing and reshoring options, developing alternative supply chains, and governing the risk of supplies. ENSURE TRANSPARENCY Visibility is a necessary enabler for effective decision making; applied to procurement Data and KPI helps capturing all dimensions for value generation such as cost reduction, innovation, level of service, sustainability, etc. BENEFIT FROM A 4.0 HUMAN DYNAMICS Mindset and behaviour are critical for Procurement organizations and the contribution of each single person of the team makes the difference. Aligning desired dynamics to the digital era is of paramount importance also in the Procurement organization THE WAY WE GUIDE YOU EFESO Consulting professionals are uniquely equipped to help you addressing such challenges. Our experts will help you to: Understand your level of maturity and seize opportunities, both within the Procurement organization and across your integrated Value Chain - from R&D right through to your Customers Shape the best sourcing and cost management strategies for your company Developing and adopting best Contract Management practices and processes Turn those strategies into practical actions for rapid results today, as well as sustainable results tomorrow Redesign or align your organization, processes and systems to ensure the best balance between impact and sustainability Enhance digital solutions able to accelerate your performances Build your leading-edge capabilities Procurement is fully integrated into our model for Value Chain Progression, so we can assure you of our quality support both in functional improvement and in End-2-End Value Chain optimization. Contact us for more information DELIVERING TANGIBLE RESULTS Recent proof of how we partner with our clients to help them navigate business issues and achieve high value improvements. NEWS ABOUT PROCUREMENT & COST MANAGEMENT EFESO SELECTED BY ALM INTELLIGENCE AS THE ONLY TRULY GLOBAL OPERATIONAL EXCELLENCE PURE PLAYER IN THE TOP 5 The ALM Vanguard of Production Operations Consulting Providers assesses firms in terms of their relative ability to create impact for their clients. For this, the ALM Vanguard displays the relative position of the providers featured in this report, deemed capable… CONCURRENT DIGITALIZED VALUE CHAIN - THE HUMAN DYNAMICS APPROACH In the second KnowBoT, of CDVC series, our experts Lucas van Engelen and Marcia De Troyer touch upon the Human Dynamics approach within the CDVC Model. If we believe that Behaviour is not a coincidence; then it is intriguing to… CRAFT BRANDS ARE PROGRESSING MORE THAN PRIVATE LABELS AND NATIONAL BRANDS With unfavourable consequences for the rest of the food industry, craft brands are the ones that are performing best, with an annual growth in value of between 4% and 5% compared to 1.5% for the fast moving consumer goods (source:… LEADERSHIP AND BEHAVIOURS FOR NEXT GENERATION SUPPLY CHAINS 13 Mar 2018 - Leadership Behaviours for Next Generation Supply Chains - Securing the success of strategic supply chain initiatives today and for tomorrow (interim research report). QUICK LINKS PRIVACY POLICY COOKIE POLICY LOGIN ADMIN SEARCH Head Office 117 Avenue des Champs Elysées, 75008, Paris, France +33 1 53 53 57 00 info.marketing@efeso.com © EFESO Consulting | design and realisation by bartistiek Design Cookie consent This website uses cookies that help the website to function and also to track how you interact with our website. 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