Procurement marketplace is a procurement operations consulting firm which aims to provide a seamless strategic procurement process. We have a team of strategic sourcing management professionals who are experienced and trained in all areas of procurement.

At ProcMarket, we have 26 industries which cover industries ranging from healthcare, business, marketing, food, beverage, agriculture, construction and much more. Within these industries, there are over 157,000 categories and subcategories in our Interactive Categorisation Engine to choose specified goods and services from. Our Interactive Categorisation Engine allows for strategic sourcing management and for a professional to be allocated to a client’s specific purchase which ensures the client receives assistance from a professional who is highly qualified and trained in the subcategory chosen. 

What is end to end procurement consulting?

End to end procurement consulting refers to a process when procurement professionals and strategic sourcing management professionals implement a procurement process which includes all stages from the beginning stages of finding a solution through to the final stage of delivery of specified goods or services. The aim of end to end procurement consulting is to assist clients in having one central user-friendly B2B platform and assistance with their procurement needs from start to finish. 

There are many benefits of an end to end procurement consulting that we offer at ProcMarket such as:

A seamless process

End to end procurement consulting ensures there is a seamless process for both professionals and clients. This process starts from the get go through to the client liaising with the same professional through to the delivery of their goods or services. 

At ProcMarket our process begins by the client selecting the relevant industry and suvc categories, the client will then be taken through to the Collaboration Zone where they will meet with the registered procurement professional once the procurement professional has been selected to deliver the chosen goods or services. 

Having a standard process for procurement needs is both beneficial for the client and the procurement professionals as this ensures that both parties are aware of the process and limits the chances of any mistakes. 

Assistance from procurement professionals 

At ProcMarket, we have a team of procurement professionals who have expertise in each industry and category. Clients have the choice of selecting a professional with either beginner, which refers to less than 5 years of experience, advanced which ranges from 5-20 years of experience and expert which is over 20 years of experience. Clients are also able to customise their purchases based on sizes with our sizes ranging from $500K to over $2M. 

Procurement professionals are accepted through a lengthy interview process to ensure that they are the right fit for ProcMarket, and that their experience lines up with our industries and categories. This process ensures that our procurement professionals are equipped to handle each client and are able to assist our clients every step along the way for a seamless and stress-free process. 

Stronger relationship between professionals and clients

Within an end to end procurement consulting process, professionals and clients are able to build up connections which results in a stronger relationship. When clients and consultants are interacting in a one-on-one format this gives the opportunity for positive relationships to be built, resulting in a positive procurement sourcing experience. 

Provides you with the opportunity to outsource 

Utilising end to end procurement gives you the opportunity to outsource your procurement needs and consequently become more strategic. By having the option to outsource your procurement needs, this allows for time efficient procurement services allowing you to augment your procurement abilities. 

Do You Require Strategic Procurement Services? Get In Contact With ProcMarket Today!

Here at Procmarket, we have highly skilled and talented procurement management consultants who are able to help you develop successful strategies.

We utilise a user-friendly interface that provides an Interactive Categorisation Engine, Collaboration Zone, and our Procurement Marketplace. In our Interactive Search Engine, we display 157,000 categories and subcategories to choose from within our industries, with photos to guide the process.

At ProcMarket, we offer a wide range of products that include procurement strategies, risk assessment and treatment plan, scope of work, evaluation criteria and response schedules, request for x document, source to contract, evaluation facilitation and report, spend analytics and sustainability solutions. 

If you have any questions about our procurement processes or services, our business procurement consultants are able to assist you with your query. Feel free to get in touch with our friendly team by submitting a contact form or by telephone at +61 432 779 620. Our highly experienced and professional team will be able to guide you on the path that best solves your specific procurement requirements!

Strategic procurement refers to the process of purchasing goods and services. At ProcMarket, we have goods and services that are available within the 26 industries, which include construction, agriculture, food, beverage, recreation, education, healthcare, finance and many more. Within these industries, there are 157,000 categories and subcategories available for strategic purchasing through the Procurement Marketplace platform.

Many businesses find that maintaining their product and service quality while trying to reduce costs at the same time is a never-ending struggle. Fortunately enough, businesses can easily achieve this through strategic procurement.

Strategic procurement services are important as they not only allow businesses to enhance their automation in sourcing and procurement processes but also offer a number of modules that enhance purchasing accountability, supplier base management and even help with building and refining supplier relationships. Hiring a procurement management consultant can be very cost-saving, offers greater value-added and is very time-saving for your business operations.

Below we have outlined the seven steps of the strategic procurement process.

1. Identify The Needs Of Your Business

The first step of strategic procurement services begins with evaluating your current performance and deciding what is required to meet these specific goals.

There are numerous ways in which a procurement management consultant can assess your organisation’s existing operations and predict its expected future growth. Such ways include communicating with your various departments, analysing workflows and even gathering customer feedback.

2. Gauge The Supplier’s Market

Recognising the prospective sources of raw materials, components, finished goods, or services is one of the central obligations of a business procurement consultant. If there are certain needs for your business, the number of suitable vendors may be limited.

3. Collect Information About The Provider

It is very important to choose your business suppliers competently as your business may encounter significant losses if your supplier does not match your selection criteria. It is best to consider looking over the supplier’s portfolio on how they have been transacting business. Customers of a provider would also be able to outline their experiences if possible to do so. 

In order to produce a competitive environment, selecting more than one provider is beneficial to inhibit supply disruptions. Large international companies would be able to benefit from this strategy the most as it provides them with more centralised control but regional distribution.

4. Develop A Purchasing Strategy

The data that has been acquired from the previous steps can be utilised to create a company’s sourcing or outsourcing purchasing strategy. Whether it be direct purchasing, strategic partnership or acquisition, these are all forms of sourcing.

5. Implement Your Sourcing Plan

In this step, your business procurement consultant will produce your sourcing plan. It is a major commitment to obtain goods and services or collaborate with other businesses. In these cases, suppliers are likely to have the following characteristics:

6. Negotiate With Supplier And Bid Selection

A procurement management consultant will evaluate responses from suppliers and apply its evaluation criteria. 

The strategic procurement team will then assess the bids, quotes or proposals that have been received and use the selection criteria and a process to either shortlist bidders to provide more information or select a first and second successful bidder. Once the review is finalised, the strategic supply chain team will initiate negotiations with the successful bidder.

7. Execute A Turnaround Strategy

When bringing on new suppliers to your business, it is important to hand over information and, form connections to logistics and communication systems, provide training as well as certain physical assets if needed. The implementation of such tasks takes time and expertise, and all expectations should be agreed upon during contract negotiations.

The transition from in-house services to an outsourced service provider can be quite risky, which is why transparency and preparation are vital to this aspect of the sourcing strategy.

Do You Require Strategic Procurement Services? Get In Contact With ProcMarket Today!

Here at Procmarket, we have highly skilled and talented procurement management consultants who are able to help you develop successful strategies.

We utilise a user-friendly interface that provides an Interactive Categorisation Engine, Collaboration Zone, and our Procurement Marketplace. In our Interactive Search Engine, we display 157,000 categories and subcategories to choose from within our industries, with photos to guide the process.

At ProcMarket, we offer a wide range of products that include procurement strategies, risk assessment and treatment plan, scope of work, evaluation criteria and response schedules, request for x document, source to contract, evaluation facilitation and report, spend analytics and sustainability solutions. 

If you have any questions about our procurement processes or services, our business procurement consultants are able to assist you with your query. Feel free to get in touch with our friendly team by submitting a contact form or by telephone at +61 432 779 620. Our highly experienced and professional team will be able to guide you on the path that best solves your specific procurement requirements!