Rethinking procurement
Procurement has a key role in modern companies. External suppliers account for around three quarters of a company's value creation. Millions of parts travel the globe nonstop, only to flow just-in-time into production and external services are increasing. At the same time, costs in this complex system must be optimized while environmental and social standards have reached the next level.
A new purpose for procurement
The growing importance of procurement requires far reaching changes. Negotiating and managing costs are no longer enough. You need to actively shape the environment, search for innovations and implement digital solutions.
Suppliers are becoming partners, cost awareness is complemented by value generation, resilience and sustainability become the driving forces. We support companies that are ready to rethink procurement with the following offers.
Sustainable transformation in companies
Environment, Society and Governance (ESG) - are the three pillars of sustainability.
Already today companies are measured against these metrics. Not only competitors adhere to these new standards – but they are also becoming increasingly important for Investor’s decisions. Expectations and regulative pressure are increasing in all industries forcing companies to adapt to new metrics and requirements.
Digital Transformation for Procurement
Many companies share the same concern: they want to digitally transform their procurement to effectively achieve business goals. Digital transformation is more than just selecting a software solution and going live. What does digitalization really mean? What is the target setup? How and where do you have to start? Where is the added value for the company? We accompany organisations from digital strategy to system implementation with IT and procurement expertise and our understanding of sustainable transformation.
Value Creation - our approach to cost reduction in procurement
Our approach to cost reduction is a 360° view of your company's procurement volume. Our experienced consultants screen the most important commodity groups for short-, medium- and long-term savings potentials. When creating your individual value creation plan, we incorporate many years of experience from our consulting projects and the industry perspective of our consultants. We deliberately go beyond the boundaries of the procurement organization and always take a product view in addition to a commodity group view - here we benefit from extensive know-how in H&Z Cost-Value-Engineering.
Transformation of the procurement organization
Megatrends like globalization, sustainability and digitalization are driving the further development of procurement. But other influencing factors such as growth, corporate acquisitions or mergers can also be the reason to realign the procurement function. Regardless of the motive, the experts at H&Z support the transformation in procurement with instruments that are individually tailored to the goals of the company and address the challenges of the present.