Procurement Outsourcing / Co-Sourcing
JUSTICE BID Procurement OUTSOURCING & CO-SOURCING provides the TALENT, the technology, and the KNOW HOW to tackle the complexities of procurement outsourcing from one end to the other.
We provide Source-to-Pay, Source-to-Contract and Co-Sourcing solutions designed and tailored to your business environment. Justice Bid Procurement accelerates the entire buying cycle across markets, companies and borders. The difficulty is no longer in making it happen, it’s how fast you can make it happen.
Addressing strategic sourcing and transactional procurement
Few providers have the scale and expertise to support the full procurement cycle end-to-end – Justice Bid Does.
Managed service solutions
Justice Bid’s P2P offering covers the workflows and processes needed to convert a requisition to a delivery, an invoice, and ultimately a payment, with all the necessary approvals, in an auditable form. Not glamorous, but vital.
Typically, even a simple procurement involves multiple touches across different function, departments, sites or even countries. The supporting and validating information may be similarly diffused. The results are error, rework, delay, disagreement, unhappy suppliers and in extreme cases, unnecessary legal action.
By applying Justice Bid’s workflow techniques and procurement knowledge, the whole transactional cycle can be both accelerated and made less error prone. Other benefits include: better supplier relations, faster achievement of requirements, and the ability to redeploy staff to more strategic tasks. Direct savings may be lower and less obvious than in the Source-to-Contract cycle. However, a small percentage of a lot is still a lot.
Justice Bid’s S2C solution involves the management of processes from analyzing spend to strategic sourcing.
Spend Analysis - By analyzing patterns of spend, and compliance, Justice Bid can make recommendations to improve processes, decision-making and most importantly identify new savings. Justice Bid then develops strategies for individual categories and reviews and evaluates existing contracts to give clients greater visibility of what they are spending, with whom, and how effectively.
Strategic Sourcing –Based on the analysis of spend, Justice Bid offers advice and recommendations on how to improve sourcing and contracting processes and methodologies. Including: supplier identification, running sourcing events (including the issuing and evaluation of e-RFx), supplier selection and finally the negotiation of contracts. At all stages of this process the customer retains full control over all recommendations implemented. For example, the client decides which procurement projects to advance, which suppliers to select, what contract terms to agree. Justice Bid’s procurement specialists will offer the recommendations, advice and assistance, but the ultimate decision lies with the client. One less obvious area where Justice Bid can help within Strategic Sourcing is in the ‘selling’ of new suppliers and contract arrangements internally to help reduce maverick spend. The data and analytics provided by Justice Bid enables the client’s procurement teams to demonstrate the potential benefits of new suppliers, and as this data has come from an external source, it becomes more convincing internally.
As well as managing the separate components of the procurement lifecycle, Justice Bid can manage the entire process across a wide range of commodity groups, helping to: maximize savings, minimize risk, ensure compliance and accelerate the entire process. By using Justice Bid as an extension of your team to manage the mundane tasks of purchasing, it enables the client team to reallocate team members to focus on more strategic matters. Overall, and counter-intuitively, outsourcing the S2P cycle gives the customer greater control and visibility of what they are spending.
The synergies of placing, ordering, and payable processing under the umbrella of sourcing are significant. Taking an end-to-end perspective generates cash flow improvement through payment term optimization. It reduces errors and bureaucracy from invoicing, driving improved compliance to preferred supplier and pricing agreements, dramatically reducing the operational costs of processing teams.
Justice Bid is strong advocates of source-to-pay as the optimal sourcing and procurement operating model. We believe that a harmonious, streamlined end-to-end service generates incremental value of 5-10% beyond standalone sourcing or procure-to-pay optimization.
Outsource ALL or PART of your procurement lifecycle
Source-to-Pay (S2P) is available as a complete end-to-end outsourcing solution, or through its component parts:
Source-to-Contract (S2C) or Procure-to-Pay (S2P). Available on a variety of commercial terms.
Through the entire process, we bring value-add:
- Justice Bid Procurement helps support customer needs from the outset, helping define requirements, proposing solutions, implementing changes and managing the change process.
- At the development stages, we advise on category strategy and provide market insights.
- At sourcing stages, we negotiate contracts for our clients and execute against them.
- We Implement supply chain contracts and maintain ongoing supplier performance management.
- We handle financial operations including purchase and sales invoicing administration across countries, languages and currencies.
We come in when, and where you need us, by your side