Procurement Consulting Services
Procurement is a multifaceted aspect of an organization’s operation that has a significant impact on profitability. Indirect spend is one area where companies typically struggle to contain costs due to a lack of resources. In many cases, organizations are unaware of the number of resources they are allocating to this process — or whether they are utilizing them efficiently.
Dryden Group focuses on finding ways to help our clients save money on indirect commodities, regardless of how much they’re already spending. We offer an assortment of premium procurement consulting services that provide unparalleled visibility into indirect spend programs, which increases operating efficiency and delivers significant cost reduction. At the Dryden Group, your bottom line is our top priority.
What Does Procurement Consulting Entail?
Procurement strategy and consulting give your organization direction on acquiring and delivering the products and services essential to your business. With a robust procurement strategy, you can minimize risk while predicting future costs and keeping them low. There are three main types of procurement:
- Direct procurement: With direct procurement, your business buys at the cost of goods sold (COGS) or goods for resale (GFR). Direct procurement is most frequently used when businesses need ingredients, raw materials and commodities. Consultants or managers lead this chain of procurement, which has both fewer buyers and suppliers.
- Indirect procurement: Dryden Group procurement consulting services focus on indirect procurement processes specifically. In indirect procurement, goods are sold at goods not for resale (GNFR) prices and the costs typically don't go into the final product. Indirect procurement consultants generally don't hold the budget — they act on behalf of the decision-maker and budget holder. Indirect procurement is the most complex type of procurement as it requires in-depth knowledge of many suppliers and buyers in an organization.
- Supply chain: Supply chain consultations and services sit just outside the chain of procurement and use a different set of specified knowledge. Most supply chain consultants work on either fulfillment or logistics in regards to the end customer.
Why Use a Procurement Consultant?
Procurement consultants give you the power you need to gain a competitive advantage and grow your business. From understanding client business requirements to identifying opportunities for new procurement growth, procurement consultants optimize your business performance. Procurement consultants perform the following operations:
- Act as a singular and streamlined point of contact with the suppliers.
- Keep track of your base supply and identify potential problems before they begin.
- Continuously evaluate your current procurement strategy and adapt it to new challenges.
- Create strong relationships with new suppliers and continually evaluate them.
- Recommend creative indirect procurement strategies that can save you money.
- Monitor and evaluate current market trends for shortages and price increases.
- Evolve procurement strategies over time to address economic and operational factors.
Using all of these factors, a procurement consultant creates a long-term strategy for how your business should secure your supply chain and keep it going for years to come. When you take control of this information and set everything up in advance, you can minimize risks and reduce total procurement costs to give your business an edge over the competition.
Dryden Procurement Consulting Group
We focus on finding ways to help our clients save money on indirect commodities, regardless of how much they're already spending.
We Offer Procurement Consulting in Critical Areas That Affect Your Business
Dryden Group gives you access to a team of professional procurement consultants with unmatched expertise in the following areas:
- Spend assessment: We’ll conduct a holistic evaluation and classification of your spend to target opportunities for savings. You’ll gain valuable insight into your spend that will help you make more informed procurement decisions.
- Benchmarking: Our procurement consultants will conduct custom benchmarking aided by our robust database filled with the latest, most relevant indirect commodity pricing data. You’ll know precisely how your costs compare to industry standards.
- Auditing and compliance: We will audit every line item, SKU, service, and invoice to detect costly overcharges and ensure vendor compliance.
- M&A support analysis: You can count on our procurement consulting services to help you navigate the turbulent waters that come with the merger and acquisition process. We’ll provide expert guidance with everything from due diligence during the premerger phase to the reorganization of the procurement process from top to bottom.
- RFP management: We’ll assess your request for proposal procedures to help streamline the process and eliminate areas of waste and inefficiency.
- SRM: Our procurement consultants can find ways to strengthen your relationships with your suppliers. We’ll assist you in the development of a collaborative approach to working with your vendors that will prove mutually beneficial for both parties.
- Contract negotiation: We review your existing contracts to ensure compliance with all terms and conditions. We can also renegotiate contracts where applicable to help you receive more favorable terms.
- MRO: Maintenance, repair and operation procurement is traditionally one of the most challenging areas for many organizations — and the one that presents the most opportunity for cost savings. Our procurement consulting services are invaluable in finding ways to more efficiently manage this catch-all category — and dramatically reduce your indirect spend.
We'll assess your request for proposal procedures to help streamline the process and eliminate areas of waste and inefficiency.
Why Should You Consider Using Procurement Consulting Services From Dryden Group?
The Dryden Group brings more than 15 years of experience to the procurement consulting process. We’ve helped numerous companies across a broad spectrum of industries improve their bottom line by getting their indirect spend under control. We also understand that a one-size-fits-all approach to consulting does not work for every organization. We’ll help you select the ideal combination of services that address your unique needs.
Contact us to learn more about our procurement consulting services today.
Dryden Group
brings more than 15 years of experience to the procurement consulting process.
Subscribe to our Newsletter
By signing up, you will receive monthly updates and information from Dryden directly to your inbox.
What are you waiting for? Contact us today!
Our Email
Telephone
Copyright ©2023. All Rights Reserved