Benefits of Managed Procurement Services.

Managed Procurement Services give access to procurement expertise on demand, enabling it to deliver value to the business and realize bottom-line improvement. Many other companies out there from the long-established to the rapidly growing face common challenges around strategy, People, process and technology that can prevent a step change in procurement effectiveness.

GainEdge Managed Procurement Services (MPS) supports your procurement operations through technology deployment, Interim resource augmentation and procurement transformation.

Streamline Your Procurement Process with Our Managed Procurement Services.

The combination of challenges you face varies over time. Individual skills are gained or lost Major projects may require different expertise mergers, acquisitions, new products and new markets have their requirements. Our MPS approach allows you to address wider elements of spend, over a long period, to deliver greater and more permanent benefits. Managed Procurement Services are unique in that it applies not just to the commonly outsourced indirect spending categories, but also to direct, core and project spending. Indeed, Managed Procurement Services are not fundamentally an outsourcing of activity It is an insourcing of capability an extension of the team, not a replacement.

Audit Services- It is essential for a business to ensure procurement audit entails reviewing procurement contracts, processes and history with the vendors to ensure the accuracy and compliance with the terms stipulated in your contract and improve efficiency. It helps organizations to fulfil three main key functions, Procurement empowers you to uncover and eliminate fraud across your procurement system. By taking a holistic look at your procurement history, it is easy to identify irregularities on time.

Compliance periodic auditing reveals whether your suppliers have been keeping to the terms stipulated in the contracts so you can either terminate non-performing contracts or chart a way forward. Efficiency By taking an in-depth approach to your procurement machine it is easy to what needs to be changed and where you can get the best outcomes by trimming down the input.

Benchmarking Services- Setting clear standards for performance and compliance, and using metrics such as key performance indicators to evaluate how well procurement strategies and processes meet those standards is one of the most important tools procurement teams can use to transform spending data into better decision-making and more effective sourcing strategies that support your business goals.

We at GainEdge will help you in developing and implementing effective procurement benchmarking processes so your organization can make sure it is adding value, meeting its goals and securing an optimal return on investment for every amount spent.

Category Management- A proper plan facilitates business development through target definition and accurate forecasting. A strong category management plan is crucial for modern companies that are in charge of managing supply chains and suppliers. GainEdge has a team of experts well-skilled in all aspects of Category Management.

Contracting and Negotiations Consulting- Before negotiations begin, GainEdge contract negotiation experts seek to understand your goals and priorities. Which contract terms are more important for you? We have Five step process that helps in better negotiations and defines details, deliverables and deadlines, our contracting and negotiation services: A review of pricing terms, conditions and service terms, Proposed resolutions to disagreements in terms and conditions, A comparison to other similar contracts in the marketplace, Finding the meeting point that leaves both the supplier and buyer satisfied with the contract

Opportunity Assessments- Opportunity assessment provides the ideal introduction to and launch pad for a range of procurement process improvement activities. It is aimed at the topmost management of the organization and is looking to make a step-change in procurement performance. Our contracting and negotiation services provide: A thorough review of the proposed contract

An opportunity assessment by GainEdge will give you answers to these questions: What are we spending our money on, How sophisticated are we in each spending category, what is the potential for further cost reduction or value it creation, How would we realize the potential, How well equipped is the procurement team and the tools and systems it uses to act on this? where does it need reinforcing, Our opportunity assessments are delivered rapidly and with minimal disruption to existing operations.

Outsourced project management- It is the process of outsourcing certain aspects of a project to an external party. This can include the planning, execution and evaluation process. Outsourcing project management has become popular as organizations seek to increase efficiency, reduce cost and improve project outcomes. By outsourcing specific aspects of a project companies can leverage the experience and expertise of external providers while still maintaining control over key decisions. This can also ensure that projects are completed on time and within budget. GainEdge has a proven track record of providing efficient and cost-effective project management services. It includes Project

Management, planning, risk management, project analysis and results reporting Quality assurance, and Program management.

RFP Response consulting: As pricing is a crucial part of any company’s buying decision, it is frequently not the number one criterion. Buyers want to know that their suppliers are responsive to their needs, innovative and have good quality products and services. And ultimately that their suppliers will be good business partners with them in the future. One of the key factors that buyers consider is responsiveness. Buyers want to work with suppliers who are responsive to their needs and can quickly address any issues that may arise. This means that suppliers need to have good communication channels in place and be able to provide timely support. Another important factor is innovation. Buyers want to work with suppliers who are constantly pushing the boundaries and introducing new and innovative products and services. This shows that the supplier is committed to staying ahead of the curve and providing their customers with the best possible solutions. Quality is also a crucial consideration for buyers. They want to work with suppliers who have a proven track record of delivering high-quality products and services. This means that suppliers need to have robust quality control processes in place and be able to demonstrate their commitment to delivering excellence.

Procurement Transformation Advisory: It helps align your people, processes, tools, and technology to enhance your procurement performance. The role of procurement is evolving rapidly. One of the top organizations has embraced the value-adding potential of procurement transforming their historically cost-reduction-focused teams to spend management powerhouses. This transition from tactical purchasers to strategic advisers means a new set of expectations for Procurement teams and an elevated approach to technology, processes, and talent. GainEdge Procurement transformation experts can help you evolve your legacy purchasing practices, tools and organizational structure to align with your enterprise’s current needs and future objectives.

Spend Analysis Services: Procurement leaders of global enterprises are facing increasing challenges to do more with less in today’s intensely competitive landscape where spend management is one of the key factors of survival. Disparate data from disparate data sources can present significant challenges to the procurement team while conducting a spend analysis exercise. Implementing a successful sourcing program depends on the ability of an organization to identify and understand its spending. Getting spend analysis right is a key step towards actual cost reduction, continual process improvement and value creation. At GainEdge we provide end-to-end spend analysis services.

Staffing and Recruiting Support: GainEdge Procurement Staffing and Recruiting team knows what it takes to build a world-class team. Whether you are looking for permanent hire or interim support from an expert, we are prepared to support your organization. At GainEdge we help you with interim CPO services, outsourced program management, permanent staffing services, procurement BPO services, temporary procurement staffing, supply chain staffing and requirement services.

Supplier Relationship Management- SRM is the systematic approach to evaluating vendors that supply goods, materials and services to an organization, determining each supplier's contribution to the success and developing strategies to improve their performance. Supplier relationship management has become increasingly important as buyer-supplier networks become more global and interdependent and companies rely more heavily on strategic suppliers. SRM creates a framework for both identifying the strategic supply partners and organizing the relationship lifecycle. Its practices create a common frame of reference to enable effective communication between an enterprise and suppliers and measure supplier performance.

SRM use cases: take better advantage of supplier capabilities, reduce cost, ensure supply chain continuity, limit supply chain risk, increases the responsiveness of suppliers and gain visibility into future prices.

For any kind of query related to Managed Procurement Services contact us at our Email [email protected] or drop us a message on WhatsApp at +91 98108-10115

#opportunity?#contract?#rfp?#benchmarking?#categorymanagement?#procurement?#outsourcing?#auditservices?#contracting?#negotiation?#consulting?#opportunity?#assessments?#projectmanagement?#outsourced?#procurementtransformation?#spendanalysis?#staffingsolutions?#suppliermanagement?#managedservices?#b2b?#procurementconsultant?#procurementspecialist?#lowcost?#supplychain?#