Procurement has evolved into a critical partner to business functions and a source of major competitive differentiation.
Procurement has evolved into a critical partner to business functions.
KPMG can help clients tackle the challenges faced by most organisationsthrough enhancing their procurement efficiency and driving even more value to the business. Our procurement advisory services focus on activating structural improvements across the procurement function, making it a source of value, innovation and competitive advantage. We help clients achieve balanced business performance through better spend and category management, operational efficiency gains and improved compliance.
Organizations are facing increasing pressure to reduce costs and improve financial and operational performance. New regulatory requirements, globalization, increases in contract volumes and complexity have resulted in an increasing recognition of the importance and benefits of the effective contracting process.
The contracting process presents unique challenges to most organizations. They need to identify which contractual problems are doing the most damage – in terms of lost revenue, inflated costs, or unmanaged risk – and to eliminate those problems as efficiently and effectively as possible. Moreover, the organizations must ensure that the contracting process is planned in view of the required time frame, is fair and within bounds of probity.
KPMG can help bidders achieve compliance with applicable rules, strengthen the administrative capacity of all stakeholders in monitoring, reviews and introduction of best practices; invest in skills and innovative technologies in order to meet requirements and achieve an effective and efficient procurement function.
In a volatile economic environment, organisations continue to cut costs across the organisation. Procurement is no exception. Globally, procurement is one of the fastest growing professions. The role of the procurement function in organizations has evolved over the past decade to become more relevant to the business.
Can a better demand-driven supply chain positively impact the bottom line?