In today’s volatile economic climate, cost optimisation remains a top priority for business leaders across the UK and Europe, enhancing procurement value within business.
Inflationary pressures, weak growth forecasts, and supply chain disruption have made procurement performance a strategic lever—not just a back-office function. Yet many firms still face critical barriers:
Limited procurement maturity – Would it surprise you to know recent studies found that 29% of businesses have only a basic strategy for their procurement, leaving this to stakeholders to manage and implement?
Budget constraints that block investment in teams, systems and automation. With no clear way of tracking Procurements ROI it is impossible to justify the investment
Fragmented supplier visibility and weak alignment of suppliers with business goals means that opportunities are missed to drive business value and work with suppliers to deliver service improvements
These gaps prevent organisations from capturing the full value of procurement—especially those with lean teams or no formal function. We understand that procurement is often problem number 11 on the top 10 list for business leaders and our Virtual Procurement service is designed to minimise the investment of your time and capital whilst maximising the return.
How Virtual Procurement Moves the Dial
EBIT’s Virtual Procurement services are designed to help firms rapidly improve outcomes – without the overhead of building a full in-house team. We deliver:
Rapid Spend Diagnostics
Identify actionable savings opportunities and category priorities within weeks.
Quick Wins (0–6 months)
Renegotiate high-spend contracts, extract overdue savings, and deploy analytics to surface hidden inefficiencies.
Mid-Term Optimisation (6–18 months)
Address tail spend, strengthen supplier relationships, and stress-test resilience across key categories.
Governance & Scorecards
Link procurement KPIs (cost, quality, risk, sustainability) directly to business P&L targets. Drive supplier improvement through Supplier Relationship Management
Capability Building
Run targeted L&D for procurement and stakeholder teams to embed commercial behaviours and strategic alignment, further reinforcing procurement as a strategic lever and driving procurement value.
Why This Matters
Even modest improvements in procurement maturity can deliver material cost savings and resilience gains. Research shows that enabled, strategic procurement functions outperform their peers in:
- Cost reduction
- Supplier risk management
- Sustainability and innovation delivery
And while inflation may ease slightly (~2.1% forecast for 2025), underlying price pressures persist. Firms must manage volatile inputs—not assume inflation is “done.”
The Shift: From Cost Cutting to Value Optimisation
Businesses are evolving from tactical savings to total value optimisation is gaining traction, balancing cost with resilience, ESG goals, and supplier innovation. Virtual Procurement helps you make that shift, even if you’re starting from zero. Whether you’re a mid-market manufacturer, retailer, or leisure brand with limited procurement infrastructure, EBIT’s model is built to scale with your needs and drive procurement value to deliver meaningful results quickly.
