SERVICES & EXPERTISE
Procurement Advisory Services
P3 Advisors’ team of experts provides the full spectrum of both strategic and process advice in addition to support with execution across the entire procurement and contract management lifecycle. Our services are designed to assist clients with the design, development and execution of procurement projects that achieve best value and are open, fair, and transparent.
Procurement Process Advice
We review and validate the end-to-end procurement process to maximize efficiency and effectiveness of the process and enhance customer satisfaction.
Policies, Procedures & Procurement Best Practices
We develop policies and procedures to assure that an organization’s procurement function is conducted in an open, fair and transparent manner, compliant with relevant regulatory requirements and incorporates industry best practices.
We establish performance metrics and monitoring tools to assess the performance of the procurement function and identify areas for improvement.
Planning and Strategy Development: We ensure the procurement project is set up for success before it is issued through a focus on up-front planning and issues identification. Our approach to planning is divided into four areas: clarification of business objectives and requirements, risk assessment, options analysis and preparation of the RFx documentation.
Communication with the bidders during the open period is an important process that can add value and improve project outcome. The P3 Procurement Tool Kit includes processes that support fair and transparent communication with bidders, including those that are of a commercially confidential nature.
We advise on evaluation tools and processes to ensure the integrity of the evaluation process. Evaluator training, issues resolution and development of the negotiation strategy are services that we also provide as needed.
We provide clients with the knowledge and tools to manage contracts and vendor performance throughout the life of the agreement.
Training and Development
Knowledge transfer is part of P3’s corporate philosophy. We provide training on all phases of procurement and contract management processes. Our training is supported by our comprehensive Procurement Tool Kit. Our goal is to ensure that at the end of our engagement clients have the knowledge and tools required to effectively and successfully undertake future procurements.