The existing procurement function consisted of 5 buying professionals and was managed by the Head of Procurement. Staverton was engaged by a CFO to support the internal procurement team with a full review of all spending (both indirect and direct categories) and processes.
Procurement Pipeline and Transformation
Procurement Pipeline and Transformation
Client Breakdown
- Number of Employees – 800
- Production Facilities – 2
- Sites – 21
Approach
Engagement Objectives
Opportunity Assessment:
- Stage 1: Develop Current Profile – Spend Analysis, Procurement Maturity Profile, Stakeholder Workshops & Data Collection
- Stage 2: Benchmarking & Evaluation – Opportunity Profiling, Maturity Gap Analysis
- Stage 3: Final Report – Savings Pipeline, Procurement Transformation Roadmap
Working closely with both the internal procurement team and functional stakeholders, Staverton approached each category using its best in class procurement framework. This enabled the team to maximise value and mitigate risk by: profiling each category, analysing supply markets, and formulating robust multi-year category procurement strategies.
Working with the CEO, CFO and internal procurement team, Staverton created a best in class procurement policy with clearly defined rules of engagement to maximise leverage and control.
To compliment this, a suite of procurement tools were created for employees to use following the conclusion of Staverton’s engagement.
1: Identify and deliver a pipeline of tangible and sustainable cost savings.
2: Optimise the client’s procurement function.
Category Savings
Travel
18%
Fleet
21%
Manufacturing
28%
Roofline
25%
Branch Operations
5%
I.T & Telecoms
28%
Maturity Improvements
Following the key activities outlined in the transformation roadmap, Staverton was able to optimise the client’s procurement function, delivering the following benefits:
- Cross Functional Stakeholder Alignment
- Strategic Sourcing Disciplines
- Advanced Budgeting Process
- Supplier Relationship Management Foundations
- Best in Class Procurement Policy
- Risk Management Templates
Annualised Savings
Client ROI
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