Procurement Audit

Keenest prices? Procurement auditing can help you identify areas where you can reduce costs and optimise your supplier agreements.

Our team of experts has extensive experience in the food and beverage industry and can provide you with the insights and analysis you need to make informed decisions about your suppliers. Our auditing process involves a comprehensive review of your current supplier agreements, including an analysis of your purchasing processes, supplier performance and product quality. We also compare your prices with market rates to ensure you are getting the best value for your money. Our audit report provides you with a clear and concise summary of our findings, including recommendations for improvements in areas such as price negotiation, contract management and supplier selection. Our goal is to help you achieve greater efficiency, reduce costs, and increase profitability in your catering operations. By partnering with us, you can have peace of mind knowing that your supplier agreements are in good hands and that you are getting the best possible value for your money. Contact us today to learn more about our procurement auditing services.

Our procurement auditing service has become exceptionally popular over the past few years. Like many of our new clients, you want to know that you are getting the finest quality produce at the best price. You also need to have the confidence to assure your board members that your suppliers are cost effective.

Why should I audit my supplier base?

Procurement audits are becoming increasingly important as organisations seek to improve their purchasing processes, reduce costs, and ensure that they are obtaining the best value for money. A strategic procurement audit can help organisations identify areas for improvement in their procurement processes and provide recommendations for optimisation. This can help organisations to reduce costs, improve quality, and ensure that your procurement function is running effectively and efficiently. Additionally, procurement audits can also help organisations ensure relevant laws and regulations are followed and applied as well as their procurement processes being traceable and ethical. This helps a company protect their reputation and ensure trust is maintained with their stakeholders. Overall, a strategic procurement audit can provide organisations with valuable insights into procurement processes and help make informed decisions which drive significant improvements in cost, quality and efficiency.

Timing?

The length of the procurement audit process varies depending on the size and complexity of the procurement portfolio, the number of suppliers involved and the scope of the audit.

Next steps:

The process involves benchmarking suppliers, evaluating prices and making recommendations for improvement. The goal is to empower the organisation’s team with the information and tools they need to negotiate better deals and manage suppliers effectively.