MANUFACTURING

Make procurement your competitive advantage

Disruptive technologies and trends have significantly altered and continue to shape work environments within the manufacturing sector. These changes have led to increased competition within the industry. It is no longer competitively viable for manufacturers to maintain a static approach to business processes.

Incorporating mature and emerging digital technology into business practices, including an organisation’s procurement functions, has become the norm within manufacturing. In addition to improving the cost-efficiency of operations, manufacturers are under increasing pressure to maximise value within their supply chain, identify new and profitable markets, and deliver what customers want ahead of the competition. Failure to understand expenditure and how to obtain the best value for money can result in unnecessarily driving up costs and missed opportunities to gain a competitive edge.

WHY IS PROCUREMENT IMPORTANT?

Poor procurement decisions can be costly and time-consuming, leading to a less effective budget and negatively impacting on your organisation’s ability to compete with others in the industry. Poorly vetted suppliers can also have a knock-on effect on your reputation, causing unnecessary delays to your manufacturing process or producing materials of inferior quality.

For manufacturers, effective procurement can incorporate more than cost control. In today’s ever-changing, highly competitive environment, focusing on price and cost savings alone is rarely a sustainable strategy. When procurement becomes a part of a manufacturer’s competitive advantage, it enables them to identify opportunities within their supply chain for quality improvement and innovation. This, in turn, leads to greater operational efficiency and long-term profitability for the organisation.

HOW WE CAN HELP

Pinnacle Procurement works with manufacturers to identify areas of significant cost savings and opportunities for supply chain innovation.

We recognise that it is not always feasible for manufacturers to employ full-time procurement specialists. By engaging with Pinnacle Procurement, we can help you secure the best value for money with a clear understanding of how and where your budget is being spent.

We are also interested in ensuring your long-term profitability by helping your organisation develop and implement an effective procurement strategy which is sustainable within a highly competitive industry.