Business Advisory

Our Services Procurement Advisory

Efficient procurement processes are crucial for optimizing costs, ensuring supply chain resilience, and driving overall business success. Here’s how we can assist your procurement needs:

  1. Procurement Strategy Development:
    • Work closely with your team to develop a comprehensive procurement strategy aligned with business goals, industry best practices, and market dynamics.
    • Define procurement policies, procedures, and governance frameworks to ensure transparency, compliance, and risk mitigation in procurement activities.
  2. Supplier Identification and Management:
    • Conduct supplier market analysis, supplier segmentation, and supplier performance assessments to identify strategic partners and optimize supplier portfolios.
    • Develop supplier management strategies, negotiate contracts, and establish key performance indicators (KPIs) to monitor supplier performance, quality, and delivery.
  3. Sourcing and Contract Management:
    • Design sourcing strategies, and leverage e-procurement tools to source goods, services, and solutions at optimal costs and terms.
    • Implement contract management systems, negotiate favorable contract terms, and ensure contract compliance throughout the contract lifecycle.
  4. Cost Optimization and Spend Analysis:
    • Conduct spend analysis, cost-benefit analysis, and total cost of ownership (TCO) assessments to identify cost-saving opportunities, reduce procurement costs, and improve cost efficiencies.
    • Implement cost optimization strategies, such as supplier consolidation, strategic sourcing, and demand management, to achieve savings targets while maintaining quality and performance.
  5. Risk Management and Compliance:
    • Identify procurement risks, including supply chain risks, vendor risks, and regulatory compliance risks, and develop risk mitigation strategies to enhance supply chain resilience.
    • Ensure compliance with procurement regulations, ethical sourcing practices, sustainability standards, and corporate governance requirements across procurement processes.
  6. Technology Integration and Digital Procurement:
    • Evaluate and implement procurement technologies such as e-procurement platforms, spend management tools, supplier relationship management (SRM) systems, and data analytics solutions.
    • Leverage data analytics, artificial intelligence (AI), and automation in procurement processes for better decision-making, predictive insights, and process optimization.
  7. Procurement Training and Capability Development:
    • Provide training programs, workshops, and skill development initiatives for procurement teams to enhance procurement capabilities, negotiation skills, contract management, and strategic sourcing expertise.
    • Foster a culture of continuous improvement, innovation, and collaboration within the procurement function to drive procurement excellence and value creation.

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Kawranbazar, Dhaka 1215.

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