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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