Ensure Procurement & suppliers align with business needs
More and more procurement functions are being required to provide more diverse and greater value to the business. This means working with business stakeholders and supplier partners to create a more strategic and considered view of functional and supply market plans. However, creating and communicating a compelling and actionable strategy calls for deep market knowledge, great commercial insight, and strong storytelling skills.
“AQM BD’s enterprise and market knowledge has helped my team to sense check, enhance, improve, accelerate and deliver better results.”
Creating credible and actionable plans for the short and long-term
Procurement teams have broad responsibilities and are often tightly resourced versus the activity at hand. It can be hard to focus beyond the here and now, which frequently means that functions fail to develop strategically or category teams fail to jump out of the here and now.
Whether at a functional, process, or category level, effective strategy and plans paint a picture of where a team is going and identify the tangible steps to get there. There may be multiple prompts for a new strategy, such as cost improvement, budget planning, post-acquisition, or other transformation initiatives. Targeted strategies and plans can:
- Introduce insightful, ‘big’ ideas that challenge the status quo
- Reposition Procurement as a strategic business function
- Create a platform for supplier and partner collaboration initiatives
Effective strategies that deliver results
Our approach is one of collaboration as we bring experienced practitioners and market insights to work in partnership with your teams. Different strategy types lend themselves to a customized approach. however, we bring tools and templates to work through needs analysis, hypothesis generation, testing, and creation phases. All strategies and plans created have the option of AQM BD or hybrid delivery; hence, you can be confident of realistic ideas and deliverable results. Our approach features:
- Best practice tools, templates, and guidance required for strategy and plan creation
- Aligning specialist knowledge to deliver effective workshops and one-to-one sessions
- Expert coaching on how to present strategies for maximum organizational buy-in