Our previous clients include:

Financial Services

Issue

This leading, multi-national, Financial Services organisation had recently been 'carved out' of it's parent as a stand-alone entity. However when it was 'carved out' it lacked all necessary organisational support structures, eg procurement department, as these had all previously been provided by the parent.

At the time of separation temporary arrangements, to cover these functions, were put in place.

Solution

We reviewed the strategic sourcing, and category management, approaches and plans for the Purchasing Department of the business.

In addition we also reviewed the current Purchase to Pay (P2P) system and supporting processes.

Benefits

The starategic sourcing / category review delivered improvement action plans across all categories to enable delivery of increased savings (100%+ increase).

The P2P review also delivered an improvement action plan, resulting in the freeing of resources to undertake more strategic, value adding work.