Most procurement organizations are actively seeking better, faster ways to improve productivity and remove hard and soft dollar costs from their processes.
Organizations are looking to eliminate non-core procurement related activities from their teams’ responsibilities. Tedious procurement operations can easily be supported by out-tasking those reactive functions to Velocity’s Managed Services team.
Our client’s partner with Velocity in order to streamline their procurement function and improve overall performance and efficiency. Working together, we create, implement, and deliver customized operating models to increase the strategic impact of procurement for our clients’ organizations. Our sourcing and procurement solutions are designed to provide access to advanced procurement expertise and capabilities, enabling faster time to value.
Throughout our 15 years of experience in this business, we’ve learned that no two procurement organizations are the same. We don’t prescribe “cookie-cutter” solutions. Velocity is hands on throughout the pre-engagement to understand the unique challenges and needs of the client and deliver a tailored solution that will ensure long-term success.
We put the right people, processes, and systems in place to manage large and complex projects and programs in their entirety. This includes services and capabilities related to:
Our procurement outsourcing methodologies can be custom-configured our clients’ organization’s existing processes, organization and systems. And they’re designed to rapidly deliver sustainable positive cash flow so they can begin to quickly realize savings.
Cleansing and classification of data from a variety of source systems using our state-of-the-art spend analysis tools to identify the true spend management opportunities.
Deep-dive analysis within the spend to reclassify the portfolios and identify appropriate strategies to tackle the spend at a category or supplier level.
Accelerated execution of identified opportunities that includes bringing target-spend purchases into the purview of existing contracts and leveraging our knowledge base of category data, RFQ templates and RFx/Auction tools for quicker sourcing.
A highly efficient “buyer desk” to extract value from each purchase at the point of requisition — our teams use a variety of tools and methodologies to balance cost savings and business criticality for every purchase.
Reducing maverick buying at source by implementing online and punch-out catalogs, P-cards and improved compliance reporting.