{"id":18866,"date":"2024-08-13T12:11:27","date_gmt":"2024-08-13T10:11:27","guid":{"rendered":"https:\/\/pre.althea-groupe.com\/vos-enjeux\/optimizing-procurement\/"},"modified":"2026-07-23T10:28:12","modified_gmt":"2026-07-23T08:28:12","slug":"optimizing-procurement","status":"publish","type":"enjeu","link":"https:\/\/preprod.althea-groupe.com\/en\/vos-enjeux\/optimizing-procurement\/","title":{"rendered":"Optimizing procurement"},"content":{"rendered":"\n

Supplier risk management<\/h2>\n\n\n\n

In the current context, Procurement functions must evaluate and manage supplier-related risks. These risks include financial, operational, and compliance aspects.<\/p>\n\n\n\n

Diversifying supply sources and implementing continuity plans are crucial to ensuring supply chain resilience.<\/strong> The global health crisis highlighted the vulnerability of supply chains, prompting companies to quickly seek alternative suppliers to meet their new business challenges.<\/p>\n\n\n\n

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Cost optimization<\/h2>\n\n\n\n

Cost optimization is a key objective for Procurement functions. This involves negotiating better prices<\/strong>, reducing total cost of ownership<\/strong>, and improving profit margins<\/strong>. The use of advanced analytical tools helps identify cost reduction opportunities.<\/p>\n\n\n\n

For example, a client\u2014a leader in the consumer electronics market\u2014implemented an EPM (Enterprise Performance Management) solution to analyze its spending and successfully reduced its procurement costs by 15% in one year.<\/p>\n\n\n\n

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Process digitalization<\/h2>\n\n\n\n

Digitalizing procurement processes is essential to improving operational efficiency<\/strong>. Automation, e-procurement platforms, and artificial intelligence simplify processes, reduce errors, and accelerate procurement cycles. <\/p>\n\n\n\n

One of our major clients in the banking sector adopted an e-procurement platform, reducing order processing time by 30% and improving transaction transparency.<\/p>\n\n\n\n

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Sustainably optimize your procurement processes!<\/h2>\n\n\n\n

We support you every step of the way.<\/p>\n<\/div><\/div>\n\n\n\n

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Contact us<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n
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Sustainability and responsible procurement<\/h2>\n\n\n\n

Environmental, social, and governance (ESG) criteria play an increasingly important role in procurement. Procurement functions must integrate sustainable and responsible practices<\/strong>, such as purchasing eco-friendly products, supporting local suppliers, and evaluating suppliers’ ESG performance.<\/p>\n\n\n\n

A retail sector client implemented a responsible procurement program, increasing the share of sustainable products in its assortment, thereby improving its brand image and meeting consumer expectations.<\/p>\n\n\n\n

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Innovation and new product development<\/h2>\n\n\n\n

Collaborating with suppliers to innovate and develop new products is crucial. Procurement functions must identify strategic partners and work closely with them<\/strong> to drive innovation and meet changing market needs. A technology leader in France, an Alth\u00e9a client for 3 years, co-developed a lighter material with us, reducing costs and improving quality.<\/p>\n\n\n\n

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Talent management<\/h2>\n\n\n\n

Attracting, developing, and retaining qualified talent is essential to supporting the technological and strategic transformations of Procurement functions. It is important to offer continuous training and professional development opportunities<\/strong> to maintain a competent and motivated workforce. Adopting modern technology and IT solutions enhances the company’s appeal to new talent and reduces attrition among existing employees.<\/p>\n\n\n\n

Alan Allman Associates, Alth\u00e9a’s parent company, launched a program to train its procurement teams in new technologies and best practices.<\/p>\n\n\n\n

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Our Beliefs<\/h2>\n\n\n\n
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Intensifying digital transformation<\/h3>\n\n\n\n

Procurement functions will continue to intensify the adoption of advanced digital technologies and artificial intelligence. This digital transformation is essential for improving operational efficiency, data accuracy, and strategic decision-making. AI will automate repetitive tasks and provide predictive analytics, facilitating risk management and cost optimization.<\/p>\n<\/div>\n\n\n\n

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Prioritizing CSR criteria<\/h3>\n\n\n\n

Sustainability and corporate social responsibility (CSR) will become even more central priorities for Procurement functions. This includes integrating ESG criteria into sourcing strategies and adopting responsible purchasing practices.<\/p>\n<\/div>\n\n\n\n

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Strengthening Supplier Collaboration<\/h3>\n\n\n\n

Procurement functions will evolve toward more strategic collaboration with their suppliers, moving beyond traditional transactional relationships. This approach aims to establish strong partnerships based on trust, innovation, and mutual value creation.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Key figures<\/h2>\n
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\n 0<\/span>\n %<\/span>\n <\/div>\n

of Procurement functions<\/p>\n <\/div>\n

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Mettent la r\u00e9duction des co\u00fbts en t\u00eate de leurs priorit\u00e9s. Cet objectif est redevenu une priorit\u00e9 majeure pour les Directions Achats en 2024<\/p>\n <\/div>\n <\/div>\n

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\n 0<\/span>\n %<\/span>\n <\/div>\n

of Procurement functions<\/p>\n <\/div>\n

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report increased productivity thanks to the digitalization and automation of processes, including AI and RPA.<\/p>\n <\/div>\n <\/div>\n

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\n 0<\/span>\n %<\/span>\n <\/div>\n

of Procurement functions<\/p>\n <\/div>\n

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in the private sector, and 71% in the public sector, identify supplier risk management as a key objective.<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n \n\n\n

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They trusted us<\/h2>\n\n\n
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