Procurement Transformation Case Study: Finance

See How Source One's Procurement Transformation Consultants Support Businesses Like Yours

了解有关一个人的采购转型团队如何支持成员所雷竞技电竞平台拥有的联邦信用合作社的更多信息。

Source One’s Procurement Advisory experts help clients to establish a baseline for their Procurement maturity and craft a long-term vision to support value generation across all functions. Our Procurement Roadmaps provide a business case for building a solid foundation with Procurement’sPeople,Processes,Tools & Technology,Metrics & Reporting，最重要的是，它Rolewithin the organization.

This case study is an example of how our Advisory team assessed theProcurement function’s current state, built adetailed roadmap, and supported afederal credit unionin realizing the opportunities presented.

Company Profile

• 成员拥有的联邦信用合作社。
• Branches and ATMs throughout Pennsylvania.
• $15M in annual revenue.

The organization approached Source One for support in optimizing its Procurement function and empowering it so serve as a trusted business partner.

The Challenge

New leadership within the organization’s Procurement department wanted to revamp an outdated procurement policy. The policy could no longer support the business and was ignored by stakeholders across the business. The new leaders were also interested inintroducing technologythat would modernize Procurement’s operations. To secure the necessary investment, they needed to build a compelling business case. While the current sourcing team was respected by stakeholder community, unclear processes and misaligned priorities made it difficult to collaborate effectively. Additionally, the organization’s structure led to misalignment between Procurement’s job descriptions and its actual day-to-day responsibilities.

The Solution

Source One initiated the project with a rigorous data collection process to attain information relate to Procurement’s People, Processes, Tools, Metrics & Reporting, and Role. These included:

• 当前的政策和程序。
• Job descriptions and responsibilities matrices.
• 现有的采购技术。
• Samples of Procurement and Sourcing metrics.
• 全组织的组织图表。
• Historical spend data.

雷竞技电竞平台资料来源审查了信用合作社采购团队的数据，以准备在现场开球。在本周漫长的访问期间，源头展示了该项目对所有有关各方的目标雷竞技电竞平台，包括采购，执行领导，财务ANS其他部门，如内部审计，IT，人力资源和其他部门。他们确保对项目的目标进行对准，获得了必要的支持，并明确传达了新的角色和责任。

The next step was a series of interviews with relevant personnel to understand how Procurement and Sourcing was leveraged and determine the root cause for the organization’s concerns. The data collection and interview processes provided Source One with the fodder needed to:

• 建立一个基线的采购目前的垫子上urity level.
• Perform an in-depth benchmark against industry best practices.
• Define capabilities gaps as well as corresponding opportunities.

The result of the next phase was a customized gap assessment and recommendation report to align Source One and the functional leadership team on the most promising opportunities for improvement.

The final milestone of the assessment phase was a detailed Roadmap that associated the identified gaps and opportunities with the custom recommendations. Some of the key recommendations included:

• Tailoredtraining programsfor the Procurement and Sourcing team based on specific goals and day-to-day engagements with stakeholders.
• ASupplier Relationship Management programcustomized to the credit union’s industry and leveraging a robust segmentation model.
• A best practice led Procurement and Sourcing process with standardized templates and guidelines.

After gaining alignment from Executive Leadership on the plan of action, Source One worked closely with the Procurement and Sourcing team to act on the roadmap’s recommendations.

Results

随着采购和采购团队的支持和合作，凭借功能领导，源于所有函数支柱的建议。雷竞技电竞平台其中一些成就包括：

• People: We refined existing documentation to clarify roles and responsibilities and build programs to ensure the team was able to deliver on those responsibilities.
• Process: We streamlined processes by reducing redundancies and creating clear and concise documentation.
• Tools & Technology:我们嵌入式efficiency and logic within toolsets and technology solutions to support collaboration across business units.
• Metrics & Reporting: We created a foundation for demonstrating采购的价值and providing for more informed decision making.

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