Managed Procurement Services
Odesma’ managed procurement service allows you to have access to our procurement expertise and resources designed to fit your exact needs. We understand that procurement organisations are now looking to complement their own capabilities with external expertise as part of their strategy and we package a tailored service for you in a particular aspect of your source to pay operations.
Once we have tailored this service to suit your organisational needs, we would then take on the delivery responsibility, providing people tools and technology in an outcome based service arrangement. This enables you to concentrate on delivering the optimum amount of value to the business and improving your bottom line.
The managed procurement service is integrated into your existing operating model in a seamless manner. If appropriate, we will also ensure that should you decide to perform the service back in house we would transfer the skills back into your procurement function through our knowledge transfer program.
Benefits of using a managed procurement service
Our managed procurement service supports you, for example, in addressing wider elements of spend, over a longer period, to deliver greater, more permanent benefits.
The managed procurement service can address other challenges within your organisation including but not limited to, individual skills being gained or lost; major projects requiring different expertise; mergers, acquisitions, new products and new markets.
Odesma’ managed procurement service is not fundamentally an outsourcing of activities: it is an insourcing of capabilities or an extension of your team, not a replacement for them.
We can provide their managed procurement services to support your team in the following areas:
Category Management: Utilising our subject matter expertise enables you to match resources and capabilities to peaks and troughs in your procurement activity. We can provide expert support and knowledge to ensure those areas of your spend, which need extra support are covered by our expert SME’s.
Spend and Supplier Management: Providing a full source to pay (S2P) service for a specific area of spend or group of categories to enhance your procurement control across the organisation. This has typically been in the areas of operational, tactical and tail spend areas but can be applied to most expenditure profiles should the need occur.
Infrastructure and Enablement: Giving access to specialist technology solutions and procurement tools that allow you to perform better. These solutions range from tools that support the full S2P transactional cycle, specialist e-sourcing tools to support category strategy design and delivery through to supplier management. Underpinning much of this is a world class data analytics capability and service to provide you with the best possible information to do the job
The benefits of using our managed procurement services are many and varied, putting aspects of your procurement function into the hands of trusted experts who provide you with constant updates of the level of service provided. The service is fully customised to meet your needs and can be mobilised quickly with the minimum disruption to your organisation. In addition, we view and contract our services as a collaboration partnership so that your key stakeholders view this as both an enhancement to your current support and commercial added value provided to the organisation.
Attendees at the US Institute of Supply Management (ISM) conference this week came away from an illuminating panel discussion addressing the issue of category management with three key focus areas for extracting business value. Contributors to the debate included...read more