5 tips to optimise your procurement processes | News | Procurement Hub

As the procurement landscape continues to change, now's the ideal time for organisations to evolve how they procure goods and services.

But as budget cuts continue to increase the demand on existing resources, now is not just an opportunity to re-evaluate. It’s also the time to embrace newer, more innovative ways of working.

One of the ways public sector organisations can maximise the efficiency of their procurement processes is by taking the opportunity to work collaboratively with others.

This is one of Procurement Hub’s main goals: to connect the UK’s leading suppliers, contractors and consultants to our members.

Collaboration in action

With finding flexible, cooperative new ways of working in mind, I was recently invited to host a workshop at the Queen Elizabeth Olympic Park in London.

The event, organised by east London business accelerator Echo, aimed at advising local SMEs about public sector supply chains.

While the session was aimed at the supply chain, our discussion also highlighted the opportunities for public sector organisations to develop collaborative relationships with their suppliers.

These relationships could insulate organisations against future changes, and promote resilient but dynamic working practices:

Partner

Work together with other businesses to bolster your offer and create a proposition which can’t be ignored.

Engage

Develop relationships with partners and customers, both internally and externally, to anticipate future demands and ensure efficient procurement processes.

Innovate

Now is the time for public sector buyers to adopt new, dynamic working practices with other businesses; finding solutions in an innovative way.

Evidence

Document work that’s under way, this will be invaluable to demonstrate the credibility of your supply chains.

Value

Keep value for money, social value and value engineering in mind to find solutions which challenge the status quo.

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