A German financial services provider needed transparency regarding the costs for external services, structures and responsibilities. The aim was to create a set of instruments for the management of external service provider to enhance spend transparency in order to leverage cost reduction opportunities.
As part of a merger of two financial institutes, the purchasing department of both companies had to be consolidated. STÖHR FAKTOR supported the implementation of new structures for the organizational and operational structure, the harmonization of tools and processes within procurement as well as the consolidation of policies. Continuous change management was the central element.
The accounts payable department of a German food company required a standardized, workflow-based process as basis for the introduction of a purchase-to-pay solution. Key element was the implementation of a governance for the determination of competences for the approval of invoices.
STÖHR FAKTOR supported a German bad bank in expanding contract compliance as well as analyzing and optimizing control structures for contracts and invoices. For this purpose, contract data was cleaned, target processes were defined and instruments for contract review and cost control were designed.
A family-run industrial company needed transparency about the performance of its purchasing department. STÖHR FAKTOR carried out its Fitness Check in form of 20 interviews with buyers and stakeholders and determined the maturity level of the purchasing organization on the basis of 12 dimensions.
Based on an electronic procurement system which has already been implemented, an electronic and workflow-based…
As part of a purchasing development programme, transparency was created in control and reporting in…
At a financial services provider, the specialist functions of purchasing, cost management and accounting should…
For the purposes of creating sustainable added value, and with due regard to corporate and…