Procurement goes beyond cost reduction. Our product set focuses on value for money, mitigating risk and understanding the needs of stakeholders.
Procurement is a profit improvement tool and when valued as a core function or procurement business partner, similar to HR and finance, it will bolster the bottom line and enable organisations to grow and meet their strategic objectives.
Novo-K has brought together years of procurement knowledge and experience to develop the SMARTprocurement methodology, supporting the strategic sourcing of suppliers to achieve value for money & mitigate risk. SMARTprocurement was designed to help business and non-profits navigate the complexity of procurement and understand the best practice of buying.
The House of Best Practice is the framework for our SMARTproducts and demonstrates our SMARTprocurement methodology.
SMARTprocurement is the ‘strategic sourcing of goods and services to deliver value for money and mitigate risk’