Procurement Best Practices
Vendor Management – The focus of this area of service is on planning and managing effective procurement processes in which vendors are provided with appropriate access to organizational resources to conduct needed due diligence and are assured fair and equal treatment. Services also include assistance to clients in establishing the appropriate level of vendor management overhead and reducing the total number of vendors to an optimal amount, and in establishing vendor accountability for managing their service levels to the organization.
Contract Management – Focus on establishing contract review points and change management processes and on crafting contractual terms and conditions that will provide the needed flexibility to accommodate business change (work volume fluctuations, business structure changes, technology change, etc.). Also assistance to clients in crafting contracting ‘templates’, standardizing terms and conditions and contract structure in order to facilitate on-going management.
Enterprise Procurement Process – Working with client’s internal procurement units, FiGal can help to identify and pursue opportunities to achieve cost savings by leveraging purchasing of goods and services across the enterprise. This service includes development of standard process and guidelines for accomplishing enterprise procurement activity and strategies to coordinate organizational subunits and motivate their full participation in enterprise procurement.