V2H™
V2H is our 4-step indirect procurement methodology that allows our clients to take a successful approach to the better management of category spend management. Unlike many of the large global procurement consultants that take an “all or nothing” approach, HCMWorks takes a unique stategic approach that creates a clear road-map to organizational success.
How the V2H process works:
- Spend Analysis - HCMWorks focuses initially on one category of indirect services expenditures (Vertical) to uncover the savings opportunities within that category.
- Procurement Savings Strategy - Working in conjunction with internal procurement executives, HCMWorks designs the strategy for converting the opportunities for savings into reality.
- Indirect Services Implementation – HCMWorks implements the necessary changes to the procure-to-pay process that will ensure adoption by end-user buyers and result in an extremely rapid ROI.
- Category Management – With hands-on transactional management, HCMWorks diminishes the Law of Diminishing Returns over time and promotes the continuation of sustainability through cross-departmental task forces and executive sponsorship.
While continuing to manage the first sourced category, HCMWorks repeats this same process across multiple categories of indirect services expenditures (Horizontal).
Want to learn more? Download our white paper: “The Total Cost of Productivity: Discover the New Frontier of Indirect Services Spend” or contact us today.
Indirect Procurement intelligence beyond what our competitors provide:
We don’t just guide our clients on what they can achieve, we help them achieve it.
- Beyond analysis and strategy, our teams of experts assist our clients by implementing successful change management and adoption programs that ensure sustainability and success.
- Technology Agnostic. We don’t believe systems are a “one size fits all.” Our analysis of your firm’s expenditures reveals the best market solutions based on your corporate goals, cultural nuances and definitions of business success.
- Create enterprise intelligence on a single platform for tremendous indirect procurement visibility.
- Our programs can be deployed from analysis to implementation within 3-6months with a rapid return on investment.
- Proof-of-Concept. We can start slow then move fast. Let’s collectively demonstrate
to all constituents what success can look like.
