Procurement Solutions
Procuring goods and services accounts for a large portion of the spend within any organization. This is often seen as a necessary evil and rarely looked at when reducing costs. However, this paradigm is shifting and leading organizations view procurement as an integral link in an effective supply chain. Ontracks assists organizations with using procurement strategically. Ontracks offers the following value added services to improve your procurement processes and reduce your overall costs:
- Spend analysis and savings opportunity identification
- Sourcing strategy, including in-source / co-source / outsource strategy
- Performance metrics and management systems design
- Product / commodity portfolio strategy development
- Increasing productivity, reducing lead time while maintain an acceptable level of financial control on the process
- Procurement process and policy design and analysis
- Procurement function skills assessment
Our consultants have executed hundreds of engagements and have used this experience to develop a framework for Procurement. This framework includes a catalogue of leading processes for Asset Management, Inventory Management, Warehousing, and Purchasing. In situations of compressed timeframes or greenfield sites, our clients have purchased this catalogue to use as a starting point for future state processes and decrease the time and consulting costs.
Our catalogue of leading processes for Procurement includes:
- Tendering and Requests for Quotation
- Creating purchase requisitions
- Creating purchase orders
- Approving purchase requisitions and orders
- PO change orders
- Creating and approving invoices
- 3-way matching of purchase orders to receipts to invoices