Strategy developed, planned and implemented through improved business alignment

  • No strategy in place to cover significant amount of spend globally

    • No sub-category strategies​

    • Lack of contract coverage

    • Risks not identified/understood or mitigated

  • 6 months activity to develop a top level strategy

  • Stakeholders within the business engaged

  • Formation of core central team

  • Procurement objective aligned to business objectives

  • Result (over 18 month period)

    • Plans in place and tracked

    • Extra resource committed

    • 8 sub-category strategies delivered

    • 12% increase in contract coverage with plans to deliver 95% coverage (additional 20%)

    • Risk identified & mitigated or plans in plans to address

    • £9m savings (6%) = increase of 2%

    • Delivered budget alignment with business/finance

See links below for more examples

Case Studies

Savings

Risk

Sourcing/Negotiation & SRM

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