Our SMARTcheck product provides an overview and recommendations to help start your procurement journey and can be used to identify immediate areas of opportunity or concern 

Three main procurement problems

 

Clarity

With charities focused on fundraising and business leaders demanding increased sales revenue, the implementation of finance governance is often deprioritised. Many organisations are unable to advise on whether they receive value for money from suppliers and whether funds are spent effectively to benefit their beneficiaries or deliver quality goods and services to customers. 

Control

Although most data is collated and stored, Procurement information isn’t always recognised as critical and used effectively to benefit an organisation. Supplier data which includes; costs, budgets, contractual documents and supplier agreements (KPIs & SLAs), need to be regularly reviewed and analysed to highlight areas of opportunity, concern and risk.  

Confidence

Whether you are an business or a charity, protecting your organisation, employees, beneficiaries or brand is imperative. Many organisations don’t consider the impact of a supplier or supply chain risk. We have seen many recent examples of organisations sharing sensitive material with third parties but not having the appropriate contractual clauses or protection in place.  This can impact heavily on donor or shareholder confidence.

Our Solution = SMARTcheck

Using our SMARTprocurement model, we help you complete an online, remote or onsite assessment of your existing procurement and buying habits. We assess where you carry risk and where you can deliver cost savings or drive improved efficiencies.

We review your supplier data and following consolidation, classification or sub-categorisation can provide feedback back on areas of opportunity and quick wins.

Our SMARTreport provides a thorough overview providing feedback and recommendations including quick wins, opportunities, savings. This can be used to build a suitable strategy and plan to deliver cost transformation for your organisation. The report can be shared internally with board member, trustees donors or shareholders.

Key Benefits

Clarity

By gaining increased clarity and focusing on procurement, organisations can quickly deliver increased profits to their bottom line. This is usually faster than a normal sales cycle and avoids the cost of sales to bring in increased revenue or fundraising .i.e. ROI is  felt faster

Control

By analysing your finance spend data you are able to build robust plans to drive increased efficiencies and savings. You can measure the success of your cost transformation programmes, identify a baseline or standard and then continually improve. This provides you with an increased competitive advantage or helps deliver more front line services.

Confidence

By identifying and highlighting supplier and supply chain risk, you are able to ensure they don’t become issues. Risk assessments are a valuable tool to protect your organisation and also provide confidence to a board, shareholders and donors that due diligence and is being carried out and governance followed.

Our Bronze package includes:

  1. Online SMARTcheck questionnaire
  2. Spend Data Review on 12 months data inc. data consolidation, classification, sub-categorisation
  3. PDF SMARTreport providing:
    • Data Summary providing clarity on current position
    • Recommendations to gain control over third party spend
    • Opportunities to Save Money
    • Highlight risks to manage supply chain confidence

£599 (ex VAT)

Our Silver package includes:

  1. Online SMARTcheck questionnaire
  2. Scheduled call with your Procurement specialist
  3. Spend Data Review on 12 months data inc. data consolidation, classification, sub-categorisation
  4. PDF SMARTreport providing:
    • Data Summary providing clarity on current position
    • Recommendations to gain control over third party spend
    • Opportunities to Save Money
    • Highlight risks to manage supply chain confidence
  5. Scheduled call to discuss feedback and recommendations with your Procurement specialist

£999 (ex VAT)

Our Gold package includes:

  1. Online SMARTcheck questionnaire
  2. Onsite meeting with your Procurement specialist
  3. Spend Data Review on 36 months data inc. data consolidation, classification, sub-categorisation
  4. PDF SMARTreport providing:
    • Data Summary providing clarity on current position
    • Recommendations to gain control over third party spend
    • Opportunities to Save Money
    • Highlight risks to manage supply chain confidence
  5. Onsite feedback, recommendations with your Procurement specialist
  6. Additional planning or review session with your Procurement specialist
  7. Access to Novo-K Community and Partner Offers

£1999 (ex VAT)

Novo-K

Every relationship begins somewhere so please get in touch!

Venture House, 2 Arlington Square, Bracknell RG12 1WA

0800 002 9025

Contact us

Every relationship begins somewhere, so please get in touch!