SOFOLOGY
P&L Savings for Sofology
Identify and Implement P&L Cost Savings within 3 months of Start Date
SCOPE
In order to build a solid foundation for this project we undertook Gap Analysis, Supplier Spend & Category Analysis and held Stakeholder interviews.
As there were no P2P systems in place, departments managed their own purchasing in which we discovered that same suppliers were being used at different rates and different service level arrangements.
IMPLEMENT
A Central Procurement Department was formulated which regularly engaged with all of the key Heads of Departments. We became the main point of contact for the Procurement of all Indirect goods and services. Benefits included an introduction of a Contracts Database and improved supplier payment terms.
DELIVER
We were able to introduce proven efficient and effective Procurement templates. We appointed an experienced Full Time Procurement Manager to oversee the operations and over achieved on the original P&L savings target.
The supply base was rationalised and a clear directory was created.
