Businesses are unsure how to transform their sourcing and procurement teams to reduce costs and increase value from their supplier relationships. At the same time due to increased scrutiny from multiple international regulatory bodies and internal audit, risk and controls have become a major factor when considering the over all third party relationships.
Senior management are pushing procurement to drive more controls to manage rogue spend and a lack of control of the vendors and contracts that do not drive the true value of the relationships with lack of SLAs, visibility, and penalties for performance issues.
With the drive to reduce costs and become partners with the businesses it has become imperative that senior sourcing and procurement leaders look to outside help to transform either the whole function or the areas that are considered as under performing.
Prospect 33 delivers strategic and tactical services which drives solutions for the function to make structural changes in policy and procedures, talent, technology that aid in driving the cost savings and controls the senior leaders seek. During our initial review we would work with your senior leaders to drive solutions and change to improve costs, control risk and improve efficiencies.