PROCUREMENT AND
THIRD PARTY MANAGEMENT
(TPM)
Procurement and Third Party Management (TPM) have been significantly disrupted in recent times by the following factors:
-
Impact
Inflationary environmentProcurement response
Focus on cost management and value (less on savings). -
Impact
Challenge to execute business strategy or meet stakeholder expectations as talent shortages, often at senior levels. Reduced capability and capacity arising from “great resignation”, post Brexit, post Covid, and IR35.Procurement response
Consulting support to strengthen and upskill teams, and leverage Procurement workflow technology to accelerate processes. -
Impact
More stringent regulatory requirements re supply chain assurance, e.g. PRA SS 2/21.Procurement response
Broadened scope of Procurement functions, providing supplier risk and vulnerability management, particularly in FS.
The above factors present unprecedented challenges and increased expectations on Procurement teams. Alongside this, there are major opportunities for Procurement to integrate closer within their business, modernise, and add more value.
Procurement Transformation is the solution to many of these challenges.
Parceman Hill provide partner-led Procurement and Third Party Management consulting solutions, to help achieve your business objectives and address your challenges.
Our outcomes-focused, assured delivery approach is practical and tried and tested, to deliver business and procurement transformation as well as client satisfaction.
1. Procurement Transformation
An end-to-end consulting service to drive measurable improvement in Procurement processes, capabilities and technologies, driving more value from suppliers and reduced risk.
2. Procurement on Demand
Leverage our expertise in driving value from supply Agreements.
3. Risk and Compliance
Supplier Risk Management & Regulatory Compliance to assure your business.
CORE SERVICE OFFERINGS
1. PROCUREMENT TRANSFORMATION
Procurement and Third Party Management Transformation
Transforming procurement and TPM through capability development and end-to-end framework implementation.
Outcomes
Improved commercial outcomes with suppliers, increased value
More robust supplier Control Environment, e.g. strengthened supplier management reducing supply chain risk
Accelerated P2P processes
2. PROCUREMENT ON DEMAND
Augment capabilities and capacity with a team of Procurement professionals
Expand capability and capacity of in-house procurement teams with highly experienced professionals.
Tailored solutions to best meet your requirements:
(i) end-to-end procurement-as-a-service,
(ii) specialist consulting expertise on discrete projects, or
(iii) resource augmentation
Outcomes
Rapid availability of expert resource to deliver the most critical procurement or TPM projects
Provide resource capacity as and when needed, for example spikes in demand, or rectifying key supplier underperformance.
Fixing the challenge in the market for quality procurement resources
3. RISK AND COMPLIANCE
Supplier Risk Management & Regulatory Compliance
Focus on building the right control environment to reduce supplier risk and driving regulatory compliance. We see significant growth of demand in this service to meet emerging UK regulatory requirements.
Outcomes
Improved commercial outcomes with suppliers, increased value
More robust supplier Control Environment, e.g. strengthened supplier management reducing supply chain risk
Accelerated P2P processes
“Parceman Hill take a consultative and collaborative approach with our clients to define specific “pain points”, which we seek to fix and add value through our Assured Delivery model.
Our approach is flexible and bespoke to deliver the right solutions for your business and not limited to the above offerings.”