Entries by Helen
🗨️ How can you reduce costs when everyone’s a buyer ⁉
▶️ How many procurement experts do you have in your business? 🥼The technical manager buying lab services 🦺The health & safety manager buying protective clothing & equipment 🛠The engineering manager responsible for the management of £5m of engineering spend 👨💼 The HR administrator buying office supplies….. Unfortunately, in our experience, many businesses rely on budget […]
UK-based food manufacturer receives a recipe for cost savings of 16%
Background Our client is a manufacturer of frozen foods, with 3 sites, based in the UK. Across all sites, there is a common need for a large amount of non-stocked consumables – items like PPE, uniforms, janitorial and paper products. With several buyers across the three sites, the company was concerned that a lack of […]
The Importance of Stakeholder Engagement
We work with a number of different food manufacturers, delivering tenders and procurement projects where procurement teams are under-resourced. With no exceptions, stakeholder engagement is key to the successful delivery of a tender or procurement project. It doesn’t matter how good your invitation to tender, your supplier research and quality of data is, getting buy-in, […]
Procurement Policy Basics
Do you have a procurement policy outlining your procurement process, spend thresholds and rules? Do teams adhere to it? Do they even know it exists? A procurement policy is an important pre-requisite for controlling spend. It should be accessible to all staff who have the authority to purchase goods and services in an easily readable […]
An example of outsourced procurement in practise
A valuable client of ours is a UK based food manufacturer who have a strong procurement team overseeing the purchase of raw materials and packaging. The management of in-direct procurement is outsourced to Pare. One recent project we completed saved them £48k per annum on their PPE and janitorial spend (a saving of 18%). That’s […]
What % of your spend is “unmanaged”?
What % of your business’ overall spend is not “managed” in the same way as the spend which falls under the control of your procurement team? There are opportunities to make savings and reduce risk when the same procurement principles are applied to tail spend, not to mention the raft of other benefits (improved credit […]
Is it time to change your supplier strategy?
When was the last time you carried out an in-depth review of your suppliers? We are all aware of the supply chain challenges that businesses are faced with. In light of these, is your business looking to resurrect a more local supply chain to re-direct risk across a broader supply base? Historically, sourcing activities were […]
Procurement Resource
All procurement projects need to be data driven, however, this often requires additional resource in your procurement team or otherwise. It is necessary to get into the granular detail in order to identify the best purchasing opportunities and deliver consistent, successful results. This often requires the detail included in invoices and unless you have an […]
Why Outsourced Procurement?
Are procurement projects a priority in your business, or do they frequently get put on the back burner in order to deal with more pressing issues? Should these projects be deemed less of a priority when Procurement is one of the key functions to drive improvements in a business’s profitability and cashflow? An outsourced procurement […]