Procurement
Transform to an ecosystem and value driven procurement process
It’s tempting to look at procurement as a function focused on cutting costs, but it can and should do more. With the changing digital landscape, excellence in procurement management requires a deeper perspective, transforming from a cost and competitive focus to a people and value driven focus. The future of procurement will be all about collaboratively transforming the entire supplier-vendor ecosystem, with a nimble, simple and stakeholder friendly approach.
Why Luminatiq?
At the centre of our procurement business model is an intent to influence better collaboration with suppliers, internal functions and the larger procurement landscape. At Luminatiq, we help our partners ride waves of organisational and industry change, including; fluctuating prices, volatile markets, changing technology and increased globalisation. While creating incremental savings opportunities is our clear focus, modernising your entire procurement value chain, without sacrificing quality and service delivery, is our larger purpose.
With multiple practices, deep experience, exposure to scale and cross-functional capabilities, we decipher our clients' relevant needs and bring together multi-dimensional teams to solve their business challenges.
We operate in three specific spaces of procurement:
Ecosystem Management
We develop integrated frameworks to help strengthen relationships between the customer, vendor and the broader procurement ecosystem. In a world of equals, building parallel competence drives increased collaboration through the long and unpredictable procurement value chain.
Third Party Risk Management
In a rapidly evolving and inter-connected world, we merge the knowns with the unknowns to build procurement resilience beyond the supplier and vendor paradigm. Whether it’s resource management, information security or talent development, Luminatiq focusses on an integrated model to protect the interests of our clients business
Digitisation
Building a relevant and updated digital solution is critical for businesses to benefit from a proactive partner management framework. With mandatory government guidelines like invoice generation and document digitisation, procurement processes will need to be always current and evolving.
