Advisory

Procurement Assessment

The most critical step in transformation is to evaluate the roots of the of existing capability.

Dynamics Of Procurement Proficiency

Implementing Deep Behavioral Change Based On The Principles Of Each Businesses Unique Culture

Velocity maintains world class benchmarks for nine key dynamics of successful procurement organizations across people, process, and technology that help to identify your level of capability and establish the right continuous improvement program specific to your business.

Start Your Journey

Assessment Activites

01

Review

Review procurement and technology utilization
02

Execute

Execute stakeholder interviews and conduct survey
03

Facilitate

Facilitate cross functional workshops
04

Develop

Develop a detailed gap analysis
05

Determine

Determine the people – process – technology recommendations
06

Identify

Identify the key areas for improvement (instruments of change)
07

Define

Define the procurement change charter and business case
08

Implement

Develop the implementation plan and roadmap

Ready to begin your Procurement transformation?

Contact Our Experts

Focused Appraisal for our Nine Dynamics

As with our clients, you will see tremendous value in the proficiency assessment because it will not only affirm your theories, but will also uncover new areas for improvement you may have not considered previously.

PERFORMANCE

Deploy a balanced procurement scorecard to fully measure value to the organization. Focus is on procurement metrics, supplier metrics, use of data, compliance management and use of benchmarking.

ORGANIZATION

Division of organizational responsibility and it’s operational alignment and effectiveness. Focus is on organizational structure & alignment with business demand, integration with procurement process and staff capability.

CULTURE

Ability to influence corporate change in policy, process and performance. Focus is on mandate vs maverick purchasing, influence of change, level of cross-functional collaboration, team work & values.

GOVERNANCE

Structured oversight including procurement policy and regulatory compliance. Focus on use alignment of corporate strategy, use of formal steering committee, supply chain innovation, integration of best-practices and the procurement operating model.

SOURCING

Formal strategic sourcing process providing a holistic approach to driving cost savings. Focus is on use of spend and category analysis, use of market intelligence, RFx facilitation, formal supplier qualification and negotiations, contract management and line of business integration.

BUYING

Operationalized procurement process that leverages automation and best-practices. Focus is on the purchase requisition; order process, invoice payment processing and use of automation, utilization of catalogs, supplier portals and other innovative buying techniques.

SUPPLIERS

Formal supplier management program focused on compliance and risk mitigation. Focus is on supplier participation and prioritization, use of strategic alliances, approach to supplier diversity and approach to continuous improvement and innovation.

STRATEGY

Review operational and financial planning in order to achieve new supply chain value. Focus is on the use of spend portfolio strategies, strategic vs tactical segmentation and planning, split of direct vs indirect procurement, and…

TECHNOLOGY

Operational systems strategies in place with cross-functional business alignment. Focus is on the use of procurement systems, master data management, ERP integration, solutions efficiency and effectiveness.

Start Your Journey

Insight

Velocity Procurement Expanding Operations into the United Kingdom

Philadelphia, PA (January 17, 2020) – Velocity Procurement is pleased to announce its international expansion to include offices in London, England…

Read Full Insight

Leverage Procurement Assessment Towards Increasing Capability & Value

Infographic

Leverage Procurement Assessment Towards Increasing Capability &#038…

View Infographic

Case study

Contract-to-Pay Process Transformation for Hi-Tech Manufacturer

Global contract to pay processes merge to create centralized operating model and improved efficiency.

Read Case Study

Taking the Custom Approach

In some instance, procurement organizations have achieved a certain level of maturity or have excelled in some areas of their business, but still need some degree of support in expanding their capabilities.

Process Assessment

Velocity works with your key business process owners to identify, map, and define where you are, where you want to be, and the actions that will help to bridge any gaps. Velocity then provides detailed recommendations and best practices specific to your business and your industry to take into consideration for the process re-design. Our approach upholds your procurement organization’s structure and provides the basis for Velocity’s transformation services.

Tech Assessment

Is your existing technology meeting the procurement needs of your organization? Velocity will assess the functionality, process, and procurement scope of your organization to develop recommendations for your current technology or help you assess what will be needed for your optimum future state. This assessment is a useful tool early in the Transformation Journey

Skills Assessment

Digital transformation will never replace your most valuable resource, your people. The Capability Assessments will provide you with an in-depth understanding of your organization’s procurement true maturity and how the people will activate the technology to meet your automation goals. Including this assessment as part of the transformation takes the project to the next level.

Procurement
Assessment

AP
Assessment

Technology
Acquisition

Change
Management

Start A Conversation to

Activate Your
Procurement Potential

Fill out the contact form or call

484-406-5678

Let us help you uncover your hidden potential