Home News Events Contact us North America About Sectors Services eFlow Resources Careers Managed Procurement Service Efficio's managed procurement service gives access to procurement expertise on demand, enabling you to deliver value to the business and realize bottom line improvement. Many companies - from the long-established to the rapidly growing - face common challenges around strategy, people, process and technology that can prevent a step-change in procurement effectiveness. Our managed procurement service (MPS) supports your procurement operations through technology deployment, interim resource augmentation and procurement transformation. Unlike a conventional consultancy, Efficio takes responsibility for delivering agreed savings and improvements, while ensuring that skills and knowledge are transferred to and embedded in the host company. Managed procurement service provides support options in the following areas: Resource capacity expertise: Enabling you to match resources and capabilities to peaks and troughs in procurement activity. These can be caused by factors such as major contract renewals, projects or changes in the marketplace. Speed and impact: Increasing capability by providing early access to benchmarks and best practices that can drive forward bottom line improvement. Tools and software: Giving access to specialist software solutions and procurement tools that would otherwise be too expensive or may only be needed rarely. We also ensure solutions are properly utilized, and maintenance and updates do not overstretch in-house IT resources. Implementation: Capability uplift and skills acquisition can involve ‘cultural’ changes which require a longer term approach. Efficio’s MPS offers support to companies introducing new procurement practices and helps to ensure benefits are sustained. Benefits of the managed procurement service approach The combination of challenges you face varies over time – individual skills are gained or lost; major projects may require different expertise; mergers, acquisitions, new products and new markets have their own requirements. Our managed procurement service approach allows you to address wider elements of spend, over a longer period, to deliver greater and more permanent benefits. Managed procurement services are unique in that they are applicable not just to the commonly outsourced indirect spend categories, but also to direct, core and project spend. Indeed, it is not fundamentally an outsourcing of activity: it is an insourcing of capability – an extension of the team, not a replacement. Flexible and affordable MPS covers a mix of services appropriate to your requirements, to deliver benefits through people, technology and expertise, including: Sourcing and eSourcing Supplier Management Category Management Process Improvement Procurement Analytics Technology Implementation Typically, expert high level consultancy will define the problems and solutions and provide a short-term ‘boost’ which is then sustained by ongoing teams working with the firm’s own staff to provide capability, supported by Efficio’s eFlow technology base. As further developments and projects arise, consultancy can be brought back in and the teams and technology reconfigured. Case Studies Next 1 2 Insight How to make an impact as new CPO For any new CPO, it’s not just about the quick wins but the need to lay the foundations for longer-term goals. Video VIDEO: The CFO's role in unlocking the value in procurement As part of 'The Future of the CFO' series published by Business Reporter, Alex Klein, COO of Efficio and Carl Barnes, CFO of the Academic Publishing division at Inf… Insight WANTED: Proactive CFO to optimize procurement and drive cost savings Maximizing profitability, reducing costs and managing financial risks are key to the role of the CFO. Yet some CFOs are missing savings opportunities. Guide Procurement v operations: The road to peace A guide to what steps procurement can take to convince operations of the value they can bring to the team, and the wider organization. Insight Why outsourcing is no longer about cost-cutting As outsourcing become less about cost-cutting, the focus turns to improving companies’ access to talent, and agility of product and service offering. Case Study Procurement refresh boosts Thames Water capability Efficio helped Thames Water create a new operating model, a mix of classic consulting and outsourcing to increase ROI and enable them to exceed business targets. LinkedIn Twitter Facebook Email Print About us Who we are Why Efficio? Leadership Team Our Locations Our clients Contact us Careers at Efficio News & Events Insight The Source magazine Sectors Construction and Infrastructure Energy and Utilities Financial Services High Tech and Telecoms Logistics Manufacturing Media, Publishing and Events Pharmaceutical and Healthcare Private Equity Public Sector Retail, Food and Hospitality Services Contract Remediation Corporate Divestments Cost Reduction Digital Strategy Implementation and Category Management Local Content / In Country Value (ICV) Logistics and Supply Chain Optimization M&A Due Diligence Services Managed Procurement Service Opportunity Assesment Procurement Target Operating Model Procurement Training Procurement Transformation Strategic Sourcing Supplier Relationship Management (SRM) Supply Chain Improvement Sustainability Improvement Technology © Efficio LLP. All rights reserved Efficio Privacy Statement Cookie policy Occupational Health and Safety Policy Slavery Act Carbon Reduction Plan Gender Pay Gap Sitemap Twitter LinkedIn By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Accept All Cookies Cookies Settings