Dryden Group offers retail operations an extensive suite of procurement consulting services to help optimize indirect spending.

Retail Procurement
and Consulting

Retail operations of all sizes face significant challenges in the marketplace, especially when considering the continued surge of e-commerce. These businesses must find ways to cut costs and keep pace with competitors while adapting to the new retail landscape. Dryden Group offers consulting services that help clients save money by optimizing their retail procurement processes.

Types of Procurement Consulting We Offer Retail Operations

The retail procurement experts at Dryden Group have many years of experience working with all types of retail operations. Regardless of your company specialty or your budget's size, we can find savings in your indirect spending, helping your expenditures better align with your business goals.

Some of the specific services we offer include:

  • Indirect procurement audits: Our procurement audits analyze your spending and purchasing patterns and recommend enhancements to improve efficiency and maximize profitability.
  • Procurement consulting: Dryden Group's procurement consulting services evaluate all elements of your indirect spending to identify potential improvement areas.
  • Spend assessments: Our spend assessments break down the critical aspects of your indirect expenditures, including whom you buy from, what you buy, your purchasing frequency and how you use these items in your business.
  • Supplier relationship management: Our supplier relationship management services segment your indirect supplier base and use reliable performance metrics to help evaluate each vendor and determine potential areas of improvement for cost savings, efficiency and communication.
  • Benchmarking: Dryden Group's benchmarking services utilize insights from our vast database to compare your expenditures against preestablished industry standards.
  • Contract negotiations: Our experts engage with your suppliers to help establish the primary elements of your contract negotiation requirements, including pricing, payment terms and delivery times.
  • Program optimization: Our program optimization strategies can fine-tune your retail procurement process without making significant changes, from eliminating redundancies and streamlining workflows to improving communication and forecasting changes.
  • RFP management: Dryden Group's request for proposal (RFP) services help you determine all the critical components for an effective vendor proposal, including company information, spending budget, delivery schedules, payment terms and more.
  • Mergers and acquisition support: Our mergers and acquisitions support services help align a new purchasing plan for all parties involved, maximizing your purchasing power and creating a unified supply chain.

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Benefits of Choosing Dryden Group for a Customized Retail Procurement Strategy

By implementing our industry-best procurement tools, retailers have the peace of mind of knowing their purchasing processes are streamlined and cost-effective. We can help determine all the potential areas of improvement and identify methods to enhance efficiency.

Choosing Dryden Group allows you to experience benefits like:

  • Developing a purchasing strategy that meets your business goals and expectations.
  • Increasing visibility for your indirect spending.
  • Achieving improved process efficiency.
  • Choosing the most qualified vendors best suited to your business needs.

Case Studies

A Fortune 100 Retail Corporation in a long-term partnership with a commodities distributor chose Dryden Group to analyze numerous key pricing clauses that caused compliance issues across multiple contracts. Our audit recovery services assessed data over three years and recovered $3.3 million in overcharged items — while improving the program by revising its terms and conditions. Continue reading the case study details to discover more.

Find Out More About Dryden Group's Procurement Services for Retail

If you want to learn more about how our procurement strategies can benefit your retail operation, the experts at Dryden Group can show you. Our customized solutions give you everything you need to ensure you're making the most practical, cost-effective purchasing decisions for your business. Connect with us online today to get started.

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