Why do Ebit specialise in Indirect Procurement?
Here at Ebit we have a simple aim. Helping businesses buy better, so they can invest in what they do best.
And we have delivered for a lot of very different businesses. We’ve worked with retailers, financial services companies, hoteliers, bars, manufacturers, and even Captain Birdseye himself. It doesn’t matter if they were privately owned, backed by PE or listed, all of our 120+ clients lacked the same thing. Knowledge and expertise in indirect procurement or a particular category.
Indirect procurement is crucial for businesses. It involves acquiring goods and services that are essential for daily operations but not directly tied to the production of goods or services. This includes items like office supplies, IT services, and maintenance.
In other words it’s all of the things businesses need to operate but often don’t have the time or people to specialise in. Spend is often deferred to the relevant departments (after all they are experts in it) and they are left to manage and control this.
By supporting businesses and their support functions buy better, improve their supplier relationships and understand the value available they can focus their effort on delivering what the business needs and unlock savings opportunities.
Some of the benefits include;
- Better Cost Management: Indirect procurement can account for a significant portion of a company’s spending (up to 40%). By strategically sourcing and negotiating better rates with suppliers, your business can reduce costs and improve profitability.
- Improved Operational Efficiency: Efficient management of indirect procurement ensures that all necessary resources are available when needed, which helps maintain smooth business operations.
- Heightened Risk Mitigation: Proper management of indirect procurement helps mitigate risks associated with supply chain disruptions and ensures continuity of operations.
- Stronger Supplier Relationships: Building strong relationships with suppliers through effective indirect procurement can lead to better service levels and more favourable terms.
One of the problems facing many businesses is how to bring procurement on line in an impactful way?
Virtual Procurement
Our Virtual Procurement service can help businesses achieve this aims by providing a flexible, on-demand procurement team. Here’s how we can help you drive success:
- Expertise on Demand: EbitIP offers access to a team of experienced procurement professionals who can support or bridge gaps within your existing skills base. Complimenting your existing team with our unique blend of data, expertise and insight to deliver successful procurement projects
- Cost Savings: By leveraging our network of Subject Matter Experts and constantly refreshed market data, we can help negotiate better terms with suppliers, leading to significant cost savings.
- Efficiency and Flexibility: The virtual procurement model allows businesses to access procurement support as needed, without the overhead of a full-time team. This adds obvious value for those companies with no procurement function, however, many of our most successful projects are delivered when we support an existing small team. By providing the specialist knowledge and frameworks needed to bring key stakeholders and suppliers to the table we have been able to deliver incredible results
- Comprehensive Support: We don’t just “buy”. We work with across the business to provide tools and templates for tenders and supplier management. This can be developed with remote training and development for procurement and non-procurement teams.
- Improved Supplier Management: Our service includes contract management and compliance reporting, a vital tool to help businesses get the most value from their supplier relationships.
We’re proud of the clients we work with and the projects we have completed. The savings and service improvements we have delivered have helped many companies add value to their bottom line. Our average ROI remains 5:1 across our client engagements. If you want to find out how we can make a difference to your business start the conversation.
