One of the biggest factors impacting Procurement Excellence today is a very overburdened and limited resource – Time! When we think of time, in most cases, the first thing that comes to mind is an overwhelming feeling of not having enough of this very precious resource.
- Planning and Visioning – Start your journey by establishing a baseline understanding of goals and priorities, and create an overarching vision for your future-state procurement operations.
- Process Assessment Workshops – Baseline your current procurement activities through a series of process assessment workshops to discuss relevant policies, walk through current processes and challenges, and review the underlying flow of data between documents and systems.
- Finalize List of Prioritized Areas for Process Improvement – Review the improvement opportunities and priorities recommended by your consultant, discuss differences between their priorities and yours, evaluate options and agree on a final, prioritized list.
- Create Implementation Roadmap and Milestones – Bring everything together into a road map for modernization and automation of your procurement processes. The road map should provide specific steps to improve efficiency and accuracy, and also include recommendations for adoption of automated systems, where appropriate. The road map should also include key milestones so you can plan resources and track progress.
Author: Paul Schrantz
Job Title: Director of Business Development & Client Success
Organization: Vendor Centric