Everything from Adhesives to Telecoms - Xoomworks Delivers Sourcing Success
Results through expert knowledge of procurement processes and markets plus excellent relationship-building skills.
The challenge: Organisations in all sectors are under constant pressure to reduce costs – and most have recognised that taking action on their sourcing of goods and services is usually a quick and effective way to cut spending. Our experience with mid-market and large companies shows that carrying out strategic sourcing exercises can typically yield a return of eight times investment.
Procurement cost savings go straight to the company’s bottom line and are sustainable, helping ensure the organisation is operating efficiently in the marketplace and staying ahead of the competition.
“Xoomworks have proved highly effective in helping us understand how procurement technology can be exploited using functional processes such as spend analysis, strategic sourcing, collaborative sourcing and business process change. They have worked with us as a team enhancing the skills and competencies of our employees and achieving significant cost saving. I would recommend them unequivocally.”
The Xoomworks solution: Based on our detailed knowledge of procurement processes, strategic sourcing and world supplier markets across all sectors, Xoomworks offers opportunities to improve sourcing operations, making them more efficient, reliable and cost-effective. We typically begin by analysing the existing organisation, processes and spend and then develop a custom solution that delivers fast and easily-implemented improvements and sustainable costs savings while improving internal skills and competencies.
Xoomworks examines spend within the organisation to develop a complete picture of who is spending what and with whom. Together with a full analysis of the procurement and sourcing operation it is possible to create a sound strategic sourcing strategy that will lead to short, medium, and long-term cost savings. We then discuss priorities with internal business partners to identify which goods and services - direct and indirect - are most suitable for attention. Quick wins are usually available, leading to immediate and impressive cost reductions, while more complex categories can take longer to produce results.
Throughout the process we draw on our experience with organisations in all sectors to liaise with client teams and ensure that the most effective, easily-implemented solutions are recommended. These may include regional, national or global sourcing depending on which provides best quality, value for money and supply chain reliability.
We also focus on building positive relationships with our clients to ensure that projects progress quickly and that all those involved buy in to the process and are able to learn and develop their own skillsets.
The link between technology and effectiveness is examined at all stages to ensure that best-in-class solutions are applied. As a leading procurement technology specialist, Xoomworks can recommend solutions to produce user-friendly, effective results and an impressive return on investment.
The results: Strategic sourcing projects carried out by Xoomworks consultants have produced significant savings while improving supplier relationships and building internal knowledge. Savings of between 8 per cent and 20 per cent or more have been achieved across a range of categories in both indirect and direct spend, delivering multi-million pound savings straight to the bottom line.