Some senior members of staff see procument expenses as a necessary evil and overlook any efficiency improvement methods for this sector. This is not an uncommon way of thinking, as procument and the supply chain is a massive part of any company’s costs and can total up to 70% of an organisation’s total spend.

These agers a misg out on effective changes that can shift procument to a significant supplier of and prof for any buess.

Follow these 7 steps to improve your procument team.

1.         Embrace Change

’s so important for procument agers to embrace and invest in nology changes curntly taking place in the industry.

agers should hold a full assessment of deficiencies in their processors and search for nology that meets the needs of the buess, rather than fting the buess around new nology. For example, if you a having trouble wh historic and trospective analysis, invest in pdictive analytics.

2.         Consider Outsourcing

Outsourcing may not be an avenue you have ever consided in gards to procument, even though happens all the time wh HR and departments. Even so, y procument agers a still apphensive to apply to their supply chain.

Outsourcing certain aspects of procument can be a way of improving existing systems and processors rather than a cost duction measu. can also allow your buess to access highly skilled procument when would be counter-productive to someone internally. These individuals a often very focused on delivering sults, and if you plan outsourcing corctly, the incase in productivy will outweigh the costs of outsourcing.

If a procument ager feels like the a aas in the buess whe costs can be cut, might be bringing in a consultant. The a also outsourcing services that offer expert domain knowledge and vendor contact opportunies.

3.     Ensu Your Supply Chain Is Properly Staffed

The efficiency of a supply chain is very much dependent on the qualy of s staff. As a procument ager, ’s important to ensu that the supply chain is staffed wh highly skilled individuals, and that these staff have gular access to education and training.

Procument professionals will be tasked wh a wide variety of roles, including:

  • Planning delivery timetables
  • Ensuring stos have enough stock
  • Overseeing the arrival of shients

When hiring employees, ’s important to ensu they have skills such as communication, attention to detail and teamwork. They must also be willing to learn and improve throughout their caer.

4.     Cate Risk agement Policies

One of the key ways of making a procument team mo efficient is to ppa for the unexpected. Procument agers should establish proper levels of control to age risk and ensu that all these policies a periodically viewed. These risk agement fail safes should include:

  • The financial impact a risk might have
  • The likelihood to the risk occurring
  • A priory list for aging risks

All staff members should be awa of these risks, and the processes in place if the risks occur.   For example, if a major supplier goes out of buess, your staff should be awa that the is a process for contacting secondary suppliers so you a never left whout stock.

5.     Establish lationships wh Key Suppliers

Staff who deal wh suppliers on a daily basis need to have brilliant lationship building skills. Procument employees need to work closely wh suppliers to try and keep communication consistent and amicable, even if issues arise at eher end.

Suppliers can help procument teams ach their perforce goals, and they a often very knowledgeable, wh expertise to sha about their products. Procument teams can learn a lot from them, like the audience, seasonaly and key selling points of products; ’s working on these lationships.

6.     Stick to Ambious but ageable Targets

If a team has a tough but not unattainable goal to work towards they can priorise, measu and focus on their tasks wh a clear end in mind. This helps staff members feel mo motivated and gives meaning to their work.

The will also be a sense of achievement when the targets a met, bringing your team closer together and improving teamwork.

7. Efficiency Is Attainable

The cation of a brilliant supply chain depends on your company’s understanding of procument, along wh the procument team’s estimation of the total costs associated wh each supplier and their contacts.

Wh help from nology, outsourcing, a gat team and strong lationship building skills, your procument team should improve s efficiency and buess impact.