Creating a strong mission is key. A strong mission will help you develop a clear vision of what your company stands for, who it serves and what its values are. It will also help you create an effective corporate procurement process that meets the needs of your stakeholders and delivers on your company’s goals.
This is not an easy task when you have so many competing priorities. However, it is possible if you know where to start. Here are four steps to creating a strong mission:
Define your values and mission statement
What are you trying to accomplish with this new process? Do you want to increase efficiency, save money or otherwise benefit from better quality goods? Or do you want to introduce new technology innovations? Define your goals clearly so everyone involved knows why it’s important. This will help ensure that everyone has the same focus on achieving those goals and making sure they’re met.
Define your corporate goals
Once you have defined your mission statement, define your corporate goals through a strategic plan that includes how you want to achieve them. These goals should be measurable, realistic and achievable — but most importantly, they should align with your company’s vision and values. The goal of having a strong corporate procurement process is to support this strategic plan by providing an effective way for you to reach those goals. For example, if your goal is to improve employee retention rates by 30%, then a strategic plan might include developing a program that offers additional benefits such as performance-based compensation or flexible work arrangements for employees who stay with the company long enough (which could help reduce turnover rates).
Identify the goals of each stakeholder group within your organization (i.e., employees, customers, suppliers)
These groups may have different interests and expectations about how things should work in order for them to be successful in achieving their goals or objectives for their personal and professional lives as well as at work.
Designate employees as leads
Outsourcing certain tasks can be beneficial for businesses but it also requires some level of management oversight. To keep things running smoothly, designate employees as leads on specific projects or tasks so they’re responsible for ensuring things go according to plan without fail every time.
Create an effective corporate procurement process
It should include developing a business case for how your company will use the procurement process, determining how much money will be spent on each purchase and deciding which suppliers can be used by your organization. The goal here is to ensure that all decisions made by management are based on sound business principles and not just personal preferences or personal relationships.
Identify who will be using the process
Once you have created an effective corporate procurement process, it’s time to determine who will be using it and how they will use it. Who should be able to access this information? Who should be able to see what information exists in this database? What needs do they have in order for them to make informed decisions about their purchases? How does accessing this information benefit their businesses?
Create step-by-step procedures
Having clear procedures in place will help prevent human error from causing problems down the road when something goes wrong or questions arise regarding how something should be done. You’ll have everyone covered from top to bottom, so no one is left out and everyone knows what to do when an unexpected situation arises.
Create a board of directors
A corporate procurement board is an important part of any successful corporate procurement process. It’s essential that this board be made up of people who are knowledgeable about the company’s goals and values, its current operations and future plans for growth, change, and general business performance.
