Procurement Audits

A company’s spending on suppliers and technology is one of the most difficult aspects of a business to analyze and understand. Because a business is focused on delivering services, launching products and generally serving customers, quality procurement strategies often take a back seat to more pressing needs.
But a poor procurement approach can put a significant strain on a company’s bottom line. Are you sure your business could save money, but you're unsure about where to start looking? Has your business not yet decided on a proper cost model?
At Dryden Group, we provide procurement auditing services that help you and your company identify areas of inefficiency and opportunities for savings.
At Dryden Group
we provide indirect spend auditing services that help you and your company identify areas of inefficiency and opportunities for saving.

Finding the Causes of Your Current Challenges

Our procurement audits start with an emphasis on finding the causes of your current procurement challenges. We have a team of experts who understand indirect spend and who use an extensive database of spend statistics and vendor records to gain an in-depth understanding of your current procurement situation.
Few companies have the internal resources to conduct the type of indirect procurement audit we offer our clients. With a proper cost model, the right information about your company and our proprietary resources and experience, we can quickly pinpoint the procurement issues that are holding you back.

A Long-Term Focus on Reducing Costs

An initial indirect commodity supplier audit is a great starting point, but you need a long-term solution that will help keep procurement costs low. That’s why our indirect spend auditing also includes ideas and recommendations for how your company may sustain cost reduction through workable processes and defined procedures. These ideas and recommendations are rooted in your company’s objectives and culture, meaning they are customized so that your company and its procurement team are in positions to find ultimate success.
The more attention you pay to your indirect spending and its efficiency, the easier it will be to optimize your future spending and to make updates to your procurement strategies

Ongoing Audits for Continued Excellence

We also recommend regular procurement audits that keep your processes and procedures sharp and help maximize your company’s savings and efficiencies. Over time, even the best procurement audits can grow dated and less effective as contracts expire, markets shift and businesses evolve.
Your initial indirect procurement audit serves as a strong foundation for ongoing audits and updates to your procurement plans. That is, the more attention you pay to your indirect spending and its efficiency, the easier it will be to optimize your future spending and to make updates to your procurement strategies.
When you are ready to find efficiencies and start saving on your indirect spending, we're ready to provide the experience, knowledge and expert guidance you need.

About Dryden Group

Since 2001, Dryden Group has delivered more than $1.5 billion in savings to clients across a wide range of industries. While indirect spending doesn’t get the attention that direct spending earns at most companies, it can be a challenge to overcome or an opportunity to seize. We help our clients seize the opportunity that indirect spending presents — and it all starts with indirect spend auditing. When you’re ready to find efficiencies and start saving on your indirect spending, we’re ready to provide the experience, knowledge and expert guidance you need.
Contact us today to learn more about our procurement audits and the impact they can have on your bottom line.
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