Strategic Sourcing is a structured approach to finding new ways to create value and reduce total cost of goods and services acquired while continuously improving quality, service and customer satisfaction. Privatin’s Strategic Sourcing Methodology has been developed and refined through years of practical experience and is based on five guiding principles: 1. Accelerate successful delivery while containing performance risk and maintaining a realistic timeline. 2. Engage a broad set of stakeholders early and throughout the process through a structured governance model involving client and Privatin participation. 3. Leverage extensive knowledge from past experience of the Strategic Sourcing domain to provide realistic and achievable savings and to further minimize the risk to the client. 4. Foster a collaborative environment enabling knowledge transfer to the client team members. 5. Provide a practical approach to driving savings and identifying key processes, technologies, and organization improvements.
Category Management (CM) is more than a process or a program, it is a critically different way of managing a business. Done right, CM greatly enhances the organization's customer alignment, market responsiveness, and total cost performance. Privatin CM support starts with CM Strategic Direction: helping clients engage key stakeholders and build a multi-year vision and strategy, guided by industry and government best practices. The next key service is CM Operational Capability: developing a category structure that is built on rigorous data and market analysis, a CM practical governance model, an operating model (process, guidance, and tools), and a repeatable and scalable spend classification process. The third key service is Organizational Adoption: developing and delivering customized CM learning and development programs, planning and implementing a change management program, and supporting regular communications to key stakeholder groups.
Supply Chain and Procurement Transformation
The ultimate goal of any new program is that it becomes a critical contributor to organization performance and a regular part of the end-user’s professional life. Privatin ensures program success by achieving eight key building blocks:
1. Set up a program office with a solid charter, setup plan, and talent model.
2. Define program structure & goals with clarity down to each team member.
3. Develop the plan building in "quick wins"
4. Secure executive commitment and support
5. Find internal business champions to publicize and support the program
6. Develop and track clear, quantifiable performance measures
7. Craft an effective marketing plan to address concerns and build on success
8. Manage change
Procurement and Supply Chain Management operations are a critical function for organizations. Privatin works with clients to directly or indirectly support Procurement and Supply Chain operations through program design, technology selection and implementation, supplier relationship management, and provision of onsite resources. Privatin supports Procurement Services as part of a business process transformation offering that is carefully tailored to meet client needs. Process Transformation is an opportunity to evaluate a current business process, conceptualize improvements, and make the changes necessary to bring those improvements into operation. Privatin’s Business Process Transformation Methodology was developed with the simple goal of driving realistic, practical improvements that will create lasting value in our clients’ operations.
Privatin achieves superior results in its services through the application of several key capabilities, including:
Total cost analysis and management
Supplier performance enhancement
Stakeholder management and communications
Spend intelligence is critical to category management, strategic sourcing, and overall procurement. Yet organizations struggle to assemble a reliable spend dataset and use that data to develop effective spend intelligence. Privatin's spend data enrichment takes data collected from a variety of business systems, procurement card providers, and suppliers and fixes data inconsistencies, missing key descriptors, and "free text" data capture to create a usable data set. Privatin works closely with clients to tailor its proprietary spend analysis tool to provide pre-programmed reports and enable ad hoc reporting to address the client's specific requirements. These spend intelligence systems are integrated with the organization's management systems and processes to drive usage and successful results.