A shared vision and commitment help with drawing up an efficient procurement strategy

Typically, procurement makes up approximately 60–80% of the company’s turnover. Yet, it is regrettably rare that the importance of a seamless procurement process is acknowledged. When it comes to customer projects, it is often evident that the company’s management lacks a sufficient view of the current state of procurement, there is no regular reporting, and procurement […]

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A fast solution for ensuring the supply chain and availability

Supply chain challenges have reached new dimensions. Once again, we are facing new challenges, and the supply chains broken by the pandemic had not had time to fully recover before another crisis struck in March 2022. ValueSource has worked extremely intensively to ensure availability from the start of the pandemic to now. Thanks to our 40+ professionals, we can quickly overcome any supply chain and availability challenges.

Supply chains are broken for large as well as small companies

The bottlenecks of the process multiply unless the procurement processes and the structure of the supplier field are also built on a tactical level. In reality, in March 2022, even the finest procurement parameters are inaccurate or it is impossible to follow them > we are acting completely reactively, spreading shortages on the global market. The same challenge has been felt by industrial giants and smaller operators alike.

In situations like this, the relationship of the customer and the supplier is put to a test. If we rely on individual suppliers, the blow has been more severe. In reality, no industrial company has been saved from the it—but we will overcome. The next step and solving the acute operational challenge takes hard work and resources, which individual companies may not currently have at their disposal.

Solving the challenge takes hard work and resources

The scale of the challenge and the solution to it depend entirely on the company.
In the middle of all this chaos, we also need to contemplate the measures we would take if a similar situation were to arise in the future. When it comes to tactical procurement, how can we improve our processes and supplier field management? We will need to make quick decisions regarding issues such as which supplier or technology to pick—decisions we would normally have taken perhaps several years to mull over.

Right now, fast action is key, but it is also necessary to be aware of the challenges existing in the entire supply chain and the effects that they have on different operations. Based on this, we have a better understanding of what needs to be improved in different functions from the supply chain point of view. When it comes to the seamlessness of the supply chain, the procurement function plays an important role and, in the current situation, it is more important than ever.

As regards the situation of our customers and observations pertaining to development projects, the key procurement challenges are summarized by the following chain: availability > daily fires > resources

At ValueSource, for many years, we have been helping many of our customers facing procurement and operational purchasing challenges with our comprehensive service model. Thanks to our customer-oriented service model, we have tailored our offering to the above-mentioned challenges, and we are ready to solve challenges together with organizations.

A quick solution to ensure availability and fix the supply chain

We do not offer quick fixes or magic tricks—now is not the time for haggling or magic tricks. We promise help with ensuring availability with regard to the required procurement resources for the daily operation of the purchase order process. We can also find alternative suppliers and components as well as materials and implement requests for a quotation on behalf of the customer. 

We ensure that your company is able to fulfill its customer promises in this moment. Naturally, in addition to quick help, we can also help you with developing your purchasing operating model and supplier field also with regard to the future.

Results—practical solutions to supply chain challenges

Assistance with resourcing to ensure availability
Alternative suppliers or components identified
Requests for a quotation and purchase agreements quickly as a service
Business support for change and development

ValueSource operating model 
for solving availability issues

A. ANALYSIS
  • Identification of goals and known challenges
  • Review of delayed orders and orders without confirmation
  • Purchasing model review
  • Resource allocation check
  • Supplier base challenges and opportunities
  • Change capability and commitment at customer team
  • Summary and recommendations

Time usage: 1,5 days

B. PLAN
  • Specification of the action plan based on the analysis
  • The customer’s key persons and time use agreed for the implementation stage
  • Agreeing the boundary conditions: the schedule, resources, and budget for the measures
  • Ensuring the targets and mirroring them on the opportunities
  • Fast action plan

Time used: 1 day

C. IMPLEMENTATION

Example of implementation:

  • Market analysis to identify supplier options
  • Implementing a request for a quotation process
  • Quotation comparisons based on the criteria agreed upon with the customer
  • Operational purchasing resources for the customer’s purchase order process
  • Summary and recommendations

Time used: Depending on the scope.

We’re ready to help!
We are an organization of more than 40 procurement professionals. Our task is to help our customers make their operations profitable by offering competitiveness-improving expert services and resources for all areas of the procurement function. Let us know about the challenges that you are facing and let’s find a solution together.

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    We make procurement into a competitive edge for you

    ValueSource Partners Oy
    Linnankatu 3A
    20100 Turku
    Business ID: 2283239-3

    Tel: +358 (0)10 420 1110
    E-mail: info@values.fi
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