Procurement Services

Procurement has always been looked at as a function focused on cutting costs, but it can and should do more. With organizations routinely spending more than two-thirds of revenue on procurement, it’s one of the most fertile areas to improve the organization’s profitability. To achieve excellence in procurement, companies need to evaluate the internal needs and supply market capabilities, and better collaborate with suppliers and internal functions. Businesses can manage fluctuating prices, volatile markets, changing technology, and increasing globalization through sustainable and efficient procurement solutions that do not require a sacrifice in quality or service.

Dataction’s Procurement Services supplement the clients’ internal Procurement Department with world-class research, analytics, sourcing, and operations capabilities, so that the clients’ procurement team can focus on more strategic activities. We configure each engagement to best fit the client’s specific requirements. Our engagement model allows our clients to leverage different procurement skills offered by our sourcing associates without hiring a full-time resource for each skill. Our clients have experienced a great Return on Investment due to this agile engagement. We offerworld-class, highly flexible, and configurable services to support procurement teams to drive savings, improve effectiveness, and enhance efficiency. When you work with us, you don’t just get the elevator pitch, you get practical solutions, feet on the ground, and lasting results!

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SOURCING SERVICES

Forward-thinking companies are making their value chains more elastic and their organizations more flexible. And with the decline of the vertically integrated business model, sourcing is evolving into a strategic process for organizing and fine-tuning the value chain.

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PROCURE-TO-PAY SERVICES

Long purchase cycles, delayed payments and poor cash flow visibility are all telltale signs of sluggish procure-to-pay (P2P) processes that need an immediate overhaul. The savings and business value that is developed through category management, sourcing and contracting is only realized and recognized on the Profit and Loss, when operational procurement is successful.

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SUPPLIER RELATIONSHIP MANAGEMENT

Globalization has swept today’s businesses off their foundations and has rendered the business processes more dynamic, competitive, and complex. Consequently, all organizations engage with suppliers for the provision of various goods and services to maximize business performance.

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PROCUREMENT STRATEGY AND PLANNING

In its new role, procurement is expected to be a ‘value enabler’. The role of CPO is seen as evolving to that of a trusted business partner and advisor working in sync with the C-suite and procurement strategic decision makers to mitigate risks, create competitive advantage, and drive enterprise growth.

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SPEND ANALYSIS

Spend Analysis is the first critical component of the procurement transformation journey as any successful sourcing strategy must be based on facts rather than intuition. Accurate and insightful spend analysis lays a strong foundation for identifying opportunities for cost reduction, process optimization and improvement, risk mitigation, and value creation.

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