Optimizing procurement processes & inventory management
Companies and organizations of all sizes face a variety of issues and challenges in procurement and inventory management. BDivers has extensive experience in diagnosing and implementing improvement and optimization processes in these areas, across a wide range of companies and organizations
We are here to help!
We can assist you in addressing:
- High operating costs: Labor, storage space, transportation, information systems.
- High procurement costs.
- Long lead times for procurement and project completion (time to market).
- Poor planning: lack of a structured procurement plan, lack of inventory management policies, including inventory levels for raw materials and products.
- Professional gaps in fulfilling procurement and inventory management tasks.
- Establishing goals and metrics for procurement and inventory management activities.
We provide comprehensive diagnostic services and implement tailored solutions across a broad spectrum of domains:
Procurement
- Analyse existing workflows and interfaces: Identify key stakeholders, including procurement clients, internal departments (warehouse, finance, legal counsel), and suppliers.
- Evaluate the current organizational structure in relation to procurement challenges. Assess the alignment of organizational structure with procurement goals and identify areas for improvement.
- Identify professional knowledge gaps among procurement team members. Evaluate the skills and expertise of procurement personnel and determine training needs.
- Assist in developing an annual procurement work plan. Establish clear objectives, timelines, and deliverables for the procurement function.
- Enforce procurement agreements. Implement a comprehensive system of policies, procedures, and contractual terms to ensure supplier compliance.
- Establish customer-centric and management-oriented goals and metrics. Develop key performance indicators (KPIs) aligned with strategic objectives, such as customer satisfaction, cost savings, and risk mitigation.
- Ensure procurement security. Analyse potential threats and develop mitigation strategies, including cybersecurity measures and business intelligence initiatives.
Catalog and Inventory Management
- Catalog Evaluation:
- Review existing cataloging criteria, workflow, and roles (item manager, subject matter expert).
- Analyze current cataloging procedures.
- Inventory Diagnosis and Analysis:
- Evaluate current inventory management practices.
- Assess the feasibility of partial or full outsourcing of inventory management.
- Inventory Forecasting Analysis:
- Review forecasting processes and methodologies.
- Categorize inventory items based on ABC classification.
Organizational Assessment and Contingency Planning for Business Continuity, Emergency Response, and Immediate Vendor Service Disruptions.
