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Scale and optimize how your organization manages outsourced work with on-demand Procurement Experts.
“Truste by thousands of world’s leading Companies”
Scale and optimize how your organization manages outsourced work with on-demand Procurement Experts.
“Truste by thousands of world’s leading Companies”
Work with a vetted network of Procurement Experts and get things done—from quick turnarounds to big transformations
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The objective of project management is to execute a complete Procurement Activity which achieves with the client’s objectives.
MyBuyTeam Expert will help shape or refine the client’s brief to feasibly address the project’s goals. Once the client’s objectives are clearly established, they will influence decisions made by the project team.
A “price analysis” is a Procurement activity that aims to evaluate the offeror’s price relative to the prices being offered by other suppliers.
A “cost analysis” is conducted to perform an opinion on the degree to which the proposed total cost, including profit, represents what the performance of the contract ‘should cost’, assuming reasonable economy and efficiency.
MyBuyTeam Experts are well versed on both “price analysis” and “cost analysis” and will help you to drive positive outcomes during supplier negotiations.
MyBuyTeam Experts will help develop Category Strategies that align internal business requirements with the marketplace and suppliers’ capabilities by segmenting the organization’s spend into discrete groups to deliver significant value to the organization.
Category strategy includes more than selecting suppliers, and supports a mid and long-term view of expenditures. It can also guide innovative alternatives such as make-or-buy decisions, developing joint ventures, or redesigning products.
MyBuyTeam experts will seek or collect and synthesize information from a variety of internal and external sources in an objective, unbiased manner to compile key observations to support a hypothesis or goal, and to enable strategic and leadership decision making.
MyBuyTeam experts will drive category market analysis to determine the attractiveness of a market, both now and in the future to gain an understanding of evolving opportunities and threats as they relate to a client’s own strengths and weaknesses.
Findings may guide supplier investment decisions to advance a client’s success. The findings of a market analysis may motivate an organization to change various aspects of its investment strategy.
MyBuyTeam Experts will help you gather information about products or services that your company needs or would like to explore in a comprehensive way prior to launching a request for proposal (RFP).
Leading organizations have come to understand that investing in an RFP process that adheres to best practices by allowing buyers to engage in apples-to-apples comparisons across potential suppliers. This yields significant benefits that not only improve ROI, but that can improve outcomes across a variety of measures.
MyBuyTeam Experts will champion and RFP through a structured methodology and develop actionable recommendations based on KPI’s that the project team will define.
MyBuyTeam experts will lead negotiations on your behalf with suppliers to create agreeable terms and conditions for a contract. Both parties typically discuss (at minimum) pricing, payment terms, delivery date, and timeline.
Procurement compliance involves formulating, following and enforcing processes for company spend management—in simpler terms, it’s ensuring that all spend flows through company-approved protocols.
MyBuyTeam Experts will evaluate the compliance of your organization with the Procurement policy and GxP-related procedures (e.g. SOPs, policies) and provide recommendations to minimize risk and optimize operation.
A procurement system is a set of procedures and information systems that an organization uses to procure goods and services. The system includes the people, processes, and technologies that organizations use to manage their supplier relationships and purchase goods and services.
MyBuyTeam Experts will assess the current Procurement tools and systems and recommend enhancements, and potentially develop best in class/fit-for-purpose technologies to optimize your organization’s operation and ROI.
Stakeholder engagement provides opportunities to further align business practices or knowledge with company needs and expectations, helping to drive long-term sustainability and shareholder value.
MyBuyTeam experts will help articulate the value of Procurement for your organization with the intention to drive exceptional internal and external customer experience when leveraging the Procurement processes, services, and systems.
Procurement Excellence means aligning procurement strategies and programs with the overall objectives of the organization, helping everyone to align with those objectives, and managing the risks that are inherent in the procurement processes. The ultimate goal: A more efficient and effective business.
MyBuyTeam Experts will help your company to develop a sound Procurement vision and roadmap leveraging specific initiatives that are relevant to your organization to optimize your strategy and the value delivered by your suppliers, and support the execution of this vision.
The goal of contract management is to maximize financial and operational performance of an agreement while minimizing risk.
MyBuyTeam Experts will help you to manage contracts with your suppliers, including negotiating and compliance with the terms, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution.
Supplier relationship management (SRM) is the systematic, enterprise-wide assessment of suppliers’ strengths, performance and capabilities with respect to overall business strategy, determination of what activities to engage in with different suppliers, and planning and execution of all interactions with suppliers, in a coordinated fashion across the relationship life cycle, to maximize the value and minimize the risk realized through those interactions.
MyBuyTeam Experts will help to develop and/or execute SRM strategies that mutually beneficial relationships with strategic supply partners to deliver greater levels of innovation and competitive advantage than could be achieved by operating independently or through a traditional, transaction purchasing arrangement.