Strategic Commercial & Procurement Solutions
Commercial and procurement management is important for business across different sectors. It involves strategic planning, negotiation, and execution of agreements to achieve business objectives. Procure management enables stakeholders to identify suppliers, negotiate contracts and manage relationships to boost value.
This will help in drafting, managing, and reviewing contracts to reduce risks and boost business performance. Supplier Relationship Management (SRM) is another important aspect of fostering strong relationships with suppliers based on collaboration. The main motive of commercial and procurement management is to achieve strategic objectives and improve business overall efficiency. Risk management plays a key role in identifying and mitigating risks associated with these activities, such as regulatory changes and supply chain disruptions. E-procurement systems can also streamline data analytics and processes to improve transparency in procurement operations.
How Project Management help you
- Slow procurement cycles leading to delays in project execution in services.
- Inadequate technology in commercial leads to inaccurate reporting and misaligned procurement strategies.
- Lack of skilled procurement professionals leads to inefficiencies in management services.
- Inconsistent Reporting across departments can result in unreliable reporting and effect on optimising procurement processes.
- Short- term focus in management can result in poor supplier relationship and caused missed innovation opportunities in services.
Contact EDSICO today for complete solutions related to commercial and procurement management.
How EDSICO can help your business
EDSICO experts will offer tailored assistance and solutions to tackle the difficulties of commercial & procurement management, ensuring businesses achieve their desired objectives. From strategic sourcing to contract and supplier relationship management, we empower organisations to enhance their procurement processes and drive value across the supply chain.
What EDSICO Can Do For You:
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Understand your PMO, program and project objectives, scope of work, stakeholders, and constraints
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Pre-bid schedules
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Provide breakdown structures (WBS, CBS, OBS, …)
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Developing project schedules, integrating program master schedules
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Identifying resources, allocating, levelling
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Monitoring progress, controlling all tasks, milestones and stage gates, variations from baselines
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Providing range of reports, project dashboard
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Organising critical path analysis and what-if scenarios
Industries We Serve
What We Do
Project Management
Provide comprehensive project management services, from planning and execution to monitoring and control.
PMO Setup
Establish a centralised hub for project management oversight, ensuring efficient coordination and control across your organisation.
Programme Management
Coordinate and deliver multiple interconnected projects to achieve overarching strategic goals.
Controls and Performance Management
Implement robust controls and monitoring mechanisms to measure project performance and ensure adherence to standards.
Data Analytics & Reporting
Leverage data-driven insights to optimise project performance, make informed decisions, and track progress.
Risk Management
Identify, assess, and mitigate potential risks to safeguard your projects and minimise disruptions.
Change Management
Effectively manage changes to your projects, ensuring smooth transitions and minimising impacts.
Commercial and Procurement Management
Optimise your procurement processes, negotiate favorable contracts, and manage supplier relationships effectively.
Primavera Cloud and Support Services
Leverage cloud-based Primavera solutions for project management, supported by our expert team.
FAQ for Controls and Performance Management
Commercial and procurement management is crucial for businesses across various sectors as it ensures efficient and effective procurement processes. It involves strategic planning, negotiation, and execution of agreements to achieve business objectives, boost value, and reduce risks.
Commercial and procurement management can enhance business performance by:
- Reducing costs: By optimizing procurement processes and negotiating favorable terms with suppliers.
- Mitigating risks: Identifying and addressing potential risks associated with procurement activities.
- Improving efficiency: Streamlining procurement operations through the use of technology and best practices.
- Enhancing supplier relationships: Fostering strong and collaborative relationships with suppliers.
EDSICO offers a comprehensive range of commercial and procurement management solutions, including:
- Strategic sourcing: Identifying and selecting the most suitable suppliers based on business needs and criteria.
- Contract management: Drafting, managing, and reviewing contracts to ensure compliance and mitigate risks.
- Supplier relationship management (SRM): Building and maintaining strong relationships with suppliers through collaboration and trust.
- Risk management: Identifying and mitigating potential risks associated with procurement activities.
- E-procurement solutions: Implementing technology-driven solutions to streamline procurement processes and improve transparency.
Contact EDSICO today to schedule a consultation and discuss your specific needs. Our team will work with you to understand your business objectives and develop a tailored solution to meet your requirements.
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