Many organizations have a streamlined procurement strategy that serves to cut costs, speed up time to market, and ensure steady performance, among other beneficial outcomes. Some others follow a need-of-the-hour approach that derails several other organizational processes and reduces the overall efficiency and performance of the company. This may translate to poor communication between different departments and difficulty managing the overall procurement process. Therefore, it's helpful to map out the entire process with a third party in order to better integrate systems and resources critical to getting supplies and equipment ordered and delivered.
When you want to improve procurement practices, you can rely on WTC Group to help you streamline the process while easing tensions and aligning all of the links across your supply chain. Reach out to our team and find out more about how this is achieved.
Procurement Affects Everything from COGS to Net Profit
Reliable procurement positively impacts both upstream and downstream metrics. Needless to say, it’s critical to get it right. Here’s the difference that properly conceived and implemented procurement can make in your organization:
- Budget Hit or Miss: Procurement gobbles up a big part of your budget, so keeping cost down helps reduce the cost of goods sold, increasing gross margin and net profit.
- Supply Chain Win: A consistent flow of materials and equipment makes it possible to manufacture and deliver products in a consistent, timely manner.
- Business Goal Success: Aligning procurement contracts with business goals can help you make your team lean and strong, without sacrificing the fulfillment timeline.
Why Should You Outsource Procurement?
WTC Group makes the decision easy. We come to your front door and pick up goods and materials and get them to your final destination as agreed. Automation, improved visibility, and more efficient processes are just some of the advantages of outsourced procurement.
A few more reasons to consider offloading procurement to the experts are:
- Knowledgeable Procurement Experts: Some procurement tasks are highly specialized. As such, they require training, certification, education, and experience to manage. To remain competitive, trust industry experts that eat, sleep, and breathe procurement!
- Return to Your Core Focus: Outsourcing procurement allows your team to focus on other responsibilities involved in managing the supply chain and running a business.
- Volume Leveraging: We can analyze your purchasing and category management processes for redundancies and inefficiencies. Additionally, we may be able to provide volume leveraging for faster shipping at more affordable rates.
- Reduced Labour Cost: When you outsource your procurement, you can significantly reduce the number of employees needed in-house. This can ease the financial burden of wages and benefits in several departments.
How Can You Optimize Logistics with the Right Partner?
By teaming up with WTC Group consultants, you can start with a blank slate. Every company has traditions and embedded practices that are difficult to change. However, we will start with an assessment of your entire process and provide a tailor-made procurement strategy that incorporates many viewpoints.
Additionally, we can provide data collection and auditing that gives you a transparent view of your current processes. This assessment will include your suppliers, technology, and business functions, as well as the people that govern them.
Contact us online or call 1-844-WTC-GRUP (982-4787) to get in touch with one of our procurement experts in British Columbia. We can help you curate the best talent and tools to help ensure a smooth process from purchase request to delivery.
