The procurement process should not only be monitored, but also regularly optimized. Below are the main steps that help optimize processes.
Development of procurement methodology and inventory management — description of the principles and approaches of the procurement decision-making system speeds up work, reduces risks and costs.
Standardization of work — development of process regulations eliminates duplication of actions, reduces errors and time for processing orders.
Process automation — the introduction of digital management systems (ERP, SRM, electronic tender platforms) increases transparency, reduces errors and speeds up approvals.
Flexible settlement schemes — the use of deferrals, prepayments and step-by-step settlements optimizes cash flows and reduces the financial burden.
KPI system development — the creation of clear performance indicators (savings, reliability of supplies, order fulfillment time) helps to track results and adjust the strategy.
Strategic planning is the forecasting of a company's supply based on sales data, seasonality, and market trends to ensure that deliveries are accurate and timely.
Simplification of document management — the transition to electronic contracts, a clear procedure for approval, ready-made contract templates.
The introduction of analytics is the use of mathematical modeling to find optimization points, predict demand, and reduce inventory costs.
