With increasing division of labor, the degree of specialization in production and R&D rises steadily as well. Hence, the economic success of companies will be more and more dependent on creating added value for their clients – jointly with the right partners.
Procurement plays a key role in this regard, since producing companies purchase 50% of their value added. Thereby, the procurement department drives a bigger part of added value than production – an effect that many companies still underestimate.
Procurement integrates the external value creation into the internal value-added process – here is what matters:
In order for the procurement department to avoid becoming merely an order processor, it is vital to manage the purchasing of materials and services strategically and to find, qualify, and develop the right external partners. The objective needs to be to maximize the added value of the partnership for the clients, the company, and suppliers / service providers, creating a win-win-win situation.
For that, transparency is essential and required regarding the specifications of material inputs and services, possible markets, and the optimal partners. Fundamentally, this necessitates accurate and complete master data, master data, master data… in addition to knowledge about purchasing power and alternative sources – especially concerning technological, environmental, and risk-management aspects of procurement.
Almost all medium-sized and bigger companies have too few resources in their procurement department.
The Solution for this is higher productivity in procurement– especially in operational purchasing, needing to free up time for strategic purchasing management. To get started and to avoid overloading the procurement department, temporary external support can be of benefit.
We support you effectively as part-time employees because we combine our procurement-know-how of GMVK Procurement Group with Business Intelligence solutions by our subsidiary 4EBIT Software & Services to maximize your benefit.
We deliver in joint projects with our customers: