Summary In the contemporary business environment, digital procurement is becoming increasingly popular and sought after by businesses around the world. The relationships …
Adding value to the construction industry
by transforming procurement
At Kronos Group, we give you expert-led insights to elevate the efficiency and success of your
construction business by helping you restructure your procurement framework.
construction business by helping you restructure your procurement framework.
A study conducted by the Chartered Institute of Building (CIOB) revealed that more than 87% of executives at leading construction companies singled out an efficient procurement function as the primary driver for success.
These figures are not surprising given that the construction industry has become increasingly dependent on sourcing quality materials on time to deliver higher quality and efficiency in all its projects.
While there have been many concerted efforts from construction companies and raw material suppliers to streamline the procurement function, the implementation of these efforts has left a lot to desire, with many construction companies not experiencing the gains they anticipated.
As the world shifts away from traditional methods of doing business, construction companies must account for the needs of the modern landscape to make their procurement function truly efficient. Today, this comes down to transforming procurement.
So, what does it take for businesses to start reshaping procurement?
The key is continuous improvement. This ensures that procurement is optimised for greater efficiency. As it happens, transforming procurement is the best way to launch a long-term system of adding higher value to business processes.
When it comes to transforming your procurement function, leveraging the expertise of procurement professionals and the latest technologies available is crucial.
This is why procurement consulting has become the driving force behind transforming procurement. Without professional support, you run the risk of implementing dated and inefficient procurement workflows that can diminish your competitive advantage and even impact the quality of your construction projects.
From helping you assess the maturity of your procurement processes to developing SMART objectives in aid of your efforts, professional procurement services can provide you with the knowledge and tools to make procurement an area of competitive advantage.
Benefit from our procurement transformation consultants by getting in touch with us today.
How is Kronos Group expanding the scope for transforming
procurement in the construction industry?
Here at Kronos Group, we have supported many leading companies across Europe and beyond with our professional-led consulting services that empower our clients to streamline and enhance their procurement functions by utilising cutting-edge technologies.
Our team of professionals at Kronos Group adds value to your critical business functions through targeted, practical, and efficient strategies to reshape procurement.
We ensure that transforming the procurement function takes every single aspect of your operations and objectives into consideration to deliver lasting, sustainable value and transformation.
Our professional procurement consulting services include:
Spend optimisation
Procurement training
Procurement excellence
Spend management platforms
Targeted procurement expertise
Procurement outsourcing services
Procurement maturity assessments
Access our latest insights on procurement, finance, and project management.
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