Stretch Procurement AB
Purchases in a future-proofed company
Imagine there is a strategic meeting being held at your organisation, focusing on accelerating the marketing of a product.
Your purchasing manager suggests an option in which you will use a customised design and production process that locks in the company’s future product map to a single supplier.
His idea is to use design-based bidding (DBB) to allow potential suppliers to suggest product design and manufacturing processes. It is all based on a customised design that you yourselves own and that uses components that are generally available.
Your company’s purchasing organisation has been developed in several ways in recent years and its authority has thus been established. Among other things, modern technology has been successfully applied in the entire purchasing function. Terms such as Robotic Process Automation (RPA), Machine Learning (ML) and Advanced Analytics are in use in everyday work.
The effects of modern technology include market insights being woven in with spend/supplier data to offer predictive analytics to category managers. Experience and knowledge from previous projects is captured, organised and reused. Routine tasks are automated so no-one needs to deal with a purchase request before it is converted to a purchase order.
That is our idea of a future-proofed purchase. A modern partner function that focuses on creating value for the organisation.
At Stretch Procurement, we help you start out and succeed on this journey.