Procurement Assessment
The Procurement Transformation Assessment is a structured, fact based process to complete the following:
â–ºEvaluate clients’ procurement capability (i.e. practices and infrastructure) against Best in Class Procurement Practices defined by the House of Procurement, and define improvement areas and actions to achieve these
â–ºEstablish and profile the baseline for total external expenditures to be included in the Strategic Sourcing Program
â–ºEvaluate existing sourcing strategies and identify gaps with best in class sourcing strategies and methods
â–ºDetermine the preliminary benefits potential from implementing best in class sourcing strategies for the Sourcing Groups identified
â–ºDefine and structure the implementation plan and transformation roadmap
Triumph has developed a methodology in which a systematic approach is used to develop an understanding of the your procurement environment to determine areas of improvement and cost reduction
An Assessment is typically followed by implementation of a comprehensive Strategic Sourcing project and / or capability enhancement. During the opportunity assessment, the assessment team will complete the following:
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develop an understanding of client’s purchasing practices
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profile the client’s external expenditures
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establish a preliminary view of the sourcing groups or SGs, including the sourcing strategy and approaches that may potentially apply, and assess current use of these approaches
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perform preliminary supply market analysis for the SGs;
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estimate the opportunity for improvement
Procurement Assessment Approach
Major outputs from the procurement assessment
