Procurement Strategies

Maximize, accelerate and sustain procurement savings

Procurement of goods, services and works has a significant impact on our clients sustainable future and affects the environmental, social and financial aspects of any business. Sustainable procurement is about incorporating principles into procurement decisions by taking into account the environmental and social factors while still obtaining maximum value for the dollars spent.
 
Procurement of products, services and facilities can account for up to 70% of an organization’s costs.  Each dollar of savings generated via successful procurement strategies directly impacts the bottom line.  Procurement Strategies and initiatives often are self-funding with payback occurring frequently within less than a year of implementation.
 
NKF Consulting can quickly assist in identifying; quantifying and prioritizing procurement opportunities with a Rapid Sourcing Diagnostic that includes complete spend analyses and an assessment of the procurement organization capabilities (people, process, systems and data).  These analyses are then compared relative to a best practices framework.  A detailed expenditure analysis is undertaken, key sustainability risks are assessed and utilized for implementation prioritization.  Sustainability is also considered at an early stage in the procurement process.  These practices are embedded in the procurement process as implementation proceeds.

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