Procurement & Management Consultants

Chief Executive Officers (CEOs) that have come to understand the strategic power of procurement have gained completive advantage compared to their peers. They have reaped positive results and increased return on investment for shareholders. According to the finding of a research done by Mckinsey and Company, business enterprise with top-quartile procurement performance showed the total return to shareholders of 42% higher than those in the bottom quartile.

To consistently achieves performance that place you in a top quartile (top 25%) of your peer group or industry, you need to have all functional element, including your procurement activities and processes vigorously performing at an exceptional rate.

At Otier Business Solution (OBS), we understand the crucial role procurement plays in influencing business performance, controlling costs and risks, ensuring business continuity and contribution to the bottom line of your organization. We believe that procurement strategies, policy and processes should support the company’s overall strategic goals and be a source of competitive advantages. Some of the strategic objective your procurement should achieve include the following:

• Cost reduction – this involves eliminating unnecessary and maverick spending, optimizing costs, and exploiting other saving opportunities.
• New supply markets or Vendor development – Researching the supplier market for new opportunities or developing the existing one to ensure continuity and sustainability.
• Good Risk management – Developing and reviewing processes for managing risks such as quality risks, delivery risks, reputation risks, non-compliance risks, etc.
• Gains from Supplier Innovation – Suppliers of goods, works or services are extended arms of your enterprise and if strategically managed (effective Supplier Relationship Management), can be a source of innovation, competitive advantages and added value to your organization.
• Your Procurement function should be in a position to empower and support organizational growth. If this be not the case, you need deliberate effort, planning and attention to realize all the benefits of strategic procurement and be in the top quantile of your peer group or industry.

Get in touch with us to help you find ways of being more efficient with your procurement functions and processes and reap the enormous benefit of strategic procurement. We will help you through working side by side with your teams and sharing intelligence procurement strategies to achieve savings, sustainability, and competitive advantage.

Where you have no specialized procurement function, we can act as your outsourced procurement function and trusted advisors to mitigate risks, create competitive advantage, and drive enterprise growth.

To learn more, call us today on +260 966 754905, +260 953 830 113 or email us on info@otiersolutions.com