Identify breakthrough improvements in your procurement organization
Despite procurement often spends the biggest share of revenue, many companies do not fully embrace procurement as a key value lever. Carefully examining how procurement is handled always results in identification of significant improvement – potentially in both innovation, cost, quality and delivery.
Obtain a prioritized improvement plan
4IMPROVE will provide you with an outside-in perspective on performance and improvement potential. We do either a full scan or as appropriate investigate and benchmark your procurement strategy, internal and external cooperation, processes, governance, tools, systems, capabilities, and practices, to identify and prioritize improvements. The assessment provides clients with reports, tools and recommendations easy to execute on. In other words, understand about where and how to improve.
Dramatically improve your company’s financial performance through procurement transformation
Are you getting the most out of your suppliers and partners? Many companies have an opportunity to increase value creation in its supplier relations whether the objective is innovation, development or cost cutting. One size does not fit all. We deliver tailored transformation programmes that include new ways of working, differentiated supplier approach, tools, procedures and procurement governance.
Make a substantial difference
Our tailored and fully integrated procurement transformation will take your organization to the next level of financial performance. Our clients will achieve a 2,000% Return on Investment according to our experience. Procurement will contribute to both profit and growth. The proven transformation process ensures success:
- Procurement assessment and transformation business case
- GAME planning
Obtaining significant savings fast
Almost every company has a vast untapped potential in many categories. Through our profound experience, we are able to apply our proven process fast and accurately, delivering higher savings fast. Our experience across a wealth of industries and categories enables us to delivery more than 20% savings averagely in the categories that we help our clients source.
Where is the money?
Whether the client choose a fast or more thorough approach, the savings are found in the same few improvements to the sourcing process:
- Specification improvement
- Improved market research
- Quotes from more suppliers
- Better communication with suppliers
Self-service Procurement BI
Democratization of procurement information, accelerated analytics and informed decision support
Continuous, rapid, and informed decisions are crucial to drive procurement performance. Poor information access or massive administrative difficulties lead to rushed decision-making and reactive firefighting rather than proactive performance improvement.
Implementing self-service procurement BI delivers fact-based, one-truth, common-direction performance management. Now you can spend your time driving the business.
Why do so many fail?
There are three major bumps on the road to excellent performance management. Firstly, define exactly what you want to measure, secondly obtain data access, and thirdly define a good process to lead performance improvement.
Mastering all three is what we call: performance leadership. We have developed performance leadership setups across many industries, based on many different ERP systems, which is why we can help you obtain better performance faster.
- SPEND AND PERFORMANCE OVERVIEW
- FACT-BASED INFORMED DECISION MAKING
- REDUCED WASTED TIME IN SILO-ORIENTED HEAVY ADMINISTRATIVE TASKS
- CULTURAL CHANGE FROM BELIEVING TO KNOWING
- LESS REACTIVE FIREFIGHTING, MORE PROACTIVE STRATEGY WORK
Value Generating Supplier Relation
Releasing the full potential of strategic suppliers
Many companies initiate collaborative relationships with strategic suppliers only to obtain little value-adding and increased dependency. Major pitfalls in strategic partnerships are the lack of competencies, lack of supplier incentives and focus on operational improvements. Exploring common innovation, reducing time to market and improving quality can deliver significant improvements.
How to maintain the attractiveness of strategic suppliers
4IMPROVE has designed a Value Sourcing Program enabling companies to add value and reduce cost of goods and services delivered by strategic suppliers. The program focused on a few vitals:
- Supplier base segmentation
- Building competencies and organization
- Ensure benefits and incentives
- Structured workshop based approach
- Performance tracking and sustaining
- EARLY SUPPLIER INVOLVEMENT IN NEW PRODUCT DEVELOPMENT
- REDUCTION OF COST AND WASTE IN THE SUPPLY CHAIN
Create World Class Procurement by continuous learning & improvement
Most procurement organizations overfocus on negotiation skills, overlooking a massive potential in improving the overall sourcing process. We teach our clients how to orchestrate a meaningful sourcing process to maximize business impact, because increased understanding of cost-structure, supplier markets, how to increase competitive pressure and change management pays off.
Competences that stick
After one month, most people forget 50-60% of what they have learned. By applying action-learning principles, where the course participants use their own cases for the training, the learning sticks. Our trainers are all senior active practitioners ensuring relevant examples and good advice on how to execute the selected cases. Based on low key practical tools and templates in Office 365 (Office package or SharePoint solutions), you either get the tools or digitalize your sourcing process.
- Develop employee’s competences and excel performance
- Training helps employees generate innovative ideas, new techniques & enhances their knowledge and skills
- Huge cost saving due to competent employees
- Reduce employee turnover