Divisions like marketing, finance and operations often act as the flagbearers of a successful business. However, the act of procurement management, that of meeting the supply requirements of your company, is the engine room of your business success. The lower the costs of purchasing products and services you are going to sell, the higher your company’s profitability.
Procurement is the process of acquiring or purchasing goods and services needed for your company to run its business. Procurement ensures your company complies to the regulations it sets for itself, finances the process, determines costs, performs the act of purchasing and monitors the inventory and whether or not it is meeting the demand, falling short or controlling when it goes over. Hence, calculating profit is simple: the cost of procuring should be less than the cost at which your company is selling the goods for.
This is where companies need advice in order to exercise control over their procurement processes. Companies have chosen to go the outsourced way in order to lower their costs, but need the right guidance over which supply chain provider to choose. At Blueshark Consulting, we give you the best advice on which vendor your business would benefit by employing their services and manage your relationship with them.
In June 2015,IBISWorld conducted a market research analyzing the procurement trends for the next five years and has predicted a huge surge in the Procurement Outsourcing Industry, primarily because business are increasingly choosing to outsource their procurement operations to minimize cost and maximize profits.
Cost reduction remains on top of the priority list for companies looking to maximize revenue, but according to the 2014 survey by Science Warehouse, there has been a rise in the quest for better customer service, data accuracy and ease of use in the UK. In fact, the demand for better support in these aspects are an indication for improving compliance, an aspect key to employing quality procurement services.
The benefits of outsourcing procurement
Blueshark Consulting has helped companies with its experience and offering expert advice in relation to cleaning, catering, security, e-commerce, telecom, big data analytics, utilities, HR and finance. We help you with suggestions tailored for your needs, devise schedules for scope of works and find you the most compatible partner for your procurement requirements. We help you build that relationship by analyzing their work and advising you with the best foot forward.
If you can improve your business process and management, Blueshark Consulting will help you audit your contract with your outside vender and suggest you best solutions and alternatives. We can also help your vendor conform to the compliance guidelines as per your organization and keep you updated on your procurement processes in a timely manner.
If you think you could save time and money by outsourcing your supply chain requirements, consider us. We can help you review your procurement processes, devise new ones or improve your existing policies which can help you bring down your costs and improve your profits as a result.
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Blueshark Consulting delivers unique solutions to the obstacles facing businesses every day. The innovative facilities management solutions we provide ensure that our clients are on track and kept one step ahead of their competitors. Thanks to the diverse experience of our team, we fulfil various key roles for our clients according to their needs, from procurement specialist to management consultant. Our level of expertise and knowledge far outweighs any of our competitors and we have the track record to back it up.