Procurement Consulting

How to Obtain Business Performance Improvement? This probably is the single entrepreneurial-oriented question that echoes in every corporate arena. Before answering to the question, think for yourself, why you are so seriously concerned about the performance improvement of your business. When thinking of any ‘improvement’, you consciously or unconsciously conceptualize a scenario of ‘dynamism’. Your business may be performing well now, but can you be complacent about it. The external factors are so unpredictable, uncertain and impending that unless you visualize and plan for the future, the present good performance may turn into bad or even worse. The worsened performance may lead to slashing down of your revenue generation and the associated profit, which probably is your basic objective. Therefore, growth and sustainability of your business are most important. This calls for business performance improvement on a consistent, rapid and sustaining basis. That is the ...

Role of Procurement for Business Performance Improvement Just as planning and scheduling at different cost centers of Production is important, procurement too is an important aspect of management that needs special attention. Any loophole at any point of procurement will jeopardize the entire system of production planning and scheduling. Ultimately, it will decrease the performance, revenues earning capabilities and the final profit of your organization. There are a number of constraints and challenges in the process of procurement. The cumber stone of your efforts should be the potential opportunities for saving. At the same time, you should focus on localization of material purchases, marketing intelligence, increasing your gross revenue, minimization of risks and building strategic partnerships with suppliers. Usually, the weak point of your procurement management system is developing a strong Supplier Relationship Management (SRM). Hence, you should go in for Procurement Consultin...