Are the costs associated with your supply a significant part of your sales revenue? Several simple tips can help you to improve the efficiency of your purchasing process and, by the way, minimize costs. Curious to know them? Here we go!
One minute! First of all, you have to make a statement about your current situation. This preliminary step allows you to focus on the axes to improve your process. Here, do not forget to consider all expenses related to your supply: purchases, deadlines, transport, maintenance of inventories, etc. You can then select the tricks that best suits your situation.
- Surround yourself with the best suppliers!
Make sure that the suppliers you are dealing with meet your expectations, such as delivery times and the quality standards required. Do not hesitate to investigate your potential suppliers. Are they financially healthy? What are the guarantees offered? Who are their clients and are they satisfied? You are not convinced of the references obtained? Go to the next! This will save you from unpleasant surprises and maximize your chances of getting the service you want. It is better to have more than one supplier to compensate for the unexpected. and focus on local partners to facilitate communications!
Be rigorous in tracking services rendered by your suppliers. Evaluate your level of satisfaction on a regular basis and send them the items you need to change, if any. Do they comply with the terms of the agreed agreement? Could improvements be made? For renewal, do not hesitate to renegotiate and review the offer available on the market. This will give you optimum service quality at the best possible cost.
- Build on Quality
Make sure that the products you buy are durable and quality. This will prevent you from returning goods that do not meet your expectations, unnecessary delays and production delays.
Have a specialized team that will be dedicated to supply management. Identify the key players in your company who will master the process and know all the mechanics. You’ll control purchasing management more and you’ll be more efficient in developing and tracking business relationships with your partners.
- Outsource your purchases to the outside
Depending on the nature of the purchases and the frequency of the purchase, it is sometimes preferable to outsource an external mandate. For example, this option may be interesting for a special project. This choice is often advantageous for some purchases where your internal resources do not have the necessary expertise.
In order to follow the results of the changes in your way of doing things, it is essential to put in place performance indicators. These will allow you to evaluate on a regular basis the effectiveness of the improvements put in place and to make certain adjustments when required. So you will follow the health of your strategic procurement process on a daily basis.
A few screwdriver shots will definitely allow your process to become a real strategic weapon for the success of your business.
Contact us to put everything in action, our experts will be happy to assist you!