Procurement Audit
We offer comprehensive procurement audits and procurement process audits that enable companies to manage procurement more effectively, increase savings, and implement best procurement practices. GOODMAN GROUP audits include a detailed assessment of all key areas related to procurement management to ensure maximum value for the organization.
Procurement Spend Audit
- Analysis of spending structure and identification of excessive costs;
- Exploring opportunities for procurement consolidation and supplier optimization;
- Evaluating the alignment of procurement with the company’s budget and strategy.
Procurement Process Audit
- Assessing the efficiency and transparency of procurement processes;
- Analyzing applied procedures, tools, and procurement management systems;
- Identifying bottlenecks and potential areas for automation.
Procurement Strategy Assessment
- Verifying the alignment of the procurement strategy with the company’s business goals;
- Evaluating the approach to category management;
- Providing recommendations for the implementation or modification of the procurement strategy.
Procurement Practices Analysis
- Assessing the compliance of procurement practices with market best standards;
- Identifying potential operational and financial risks;
- Verifying the ethics and transparency of procurement activities.
Procurement Team Competency Audit
- Evaluating the skills, knowledge, and experience of procurement department employees;
- Analyzing the organization and efficiency of the team;
- Offering recommendations for competency development and training programs.
PROCUREMENT OPTIMIZATION – PROJECT STAGES
01
DIAGNOSIS
02
GOALS
identifying areas for improvement in procurement maturity, including economic, process, and structural factors
03
RECOMMENDATIONS
designing and evaluating strategic options, resulting in a list of recommendations with an implementation timeline
04
IMPLEMENTATION
substantive and managerial support during the implementation of changes within the organization
05
PROJECT EVALUATION
Benefits of Procurement and Procurement Process Audits
Financial Savings
- We identify areas where procurement costs can be reduced without compromising the quality of supplies.
Increased Operational Efficiency
- We help streamline processes, eliminating bottlenecks and introducing modern technological solutions.
Improved Compliance and Transparency
- The audit detects potential inconsistencies with company policies and regulations, minimizing operational risks.
Better Supplier Management
- Through analysis of supplier relationships, we assist in enhancing collaboration efficiency and negotiating more favorable terms.
Team Competency Development
- We highlight areas that require development, enabling the procurement team to improve its effectiveness.
Strengthened Strategic Approach
- We assist in developing or updating the procurement strategy to better support the company’s business objectives.