Lean manufacturing or lean production, more-often “lean”, is often discussed as the underlying principal explaining the growth of Toyota, from a small company to the world’s largest car manufacturer. Lean is a systematic method for waste minimisation within a manufacturing system without sacrificing productivity.
Similarly, Lean Procurement analyses the steps within the procurement process to define what adds value, by reducing everything else (which is not adding value). Considering procurement’s obsession with value, it is understandable that there is a strong synergy with the principals of Lean. Hence, Arvo have begun applying Lean in procurement to streamline procurement processes and procedures so as to improve efficiencies and performance, eliminate process waste, reduce total cost and deliver maximum value to internal and external customers.
Arvo classify waste as time, costs or inventory, and the elimination of such waste, will lead to increased efficiencies and margins for all organisations. Therefore, the benefits of applying Lean Principles to procurement functions and purchasing activities can dramatically affect a company’s cash flow, while a Lean procurement function is paramount to Procurement delivering long-term value and impact
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To learn more about Arvo’s Strategic Procurement expertise, take note of the details at;
Arvo is a specialist procurement consultancy that assists organisations to achieve procurement objectives, business efficiencies and commercial savings. Arvo is an award winning business, backed by Enterprise Ireland (EI), while EI is the Government agency in Ireland responsible for supporting internationally traded service businesses.
Arvo was founded by Mike McGrath in 2013 to address the growing Sourcing and Procurement challenges faced by local and international businesses, within the public and private sectors. Mike leads a team of Procurement analysts and consultants, supported by an enviable network of strategic partners, with the common goal of delivering remarkable value to each client. Arvo is a sister-company to supply.ie, which is an eSourcing platform used by over 5,000 Irish businesses and this success led to Mike McGrath’s appointment in 2012 to the European Commission e-Tendering Expert Group, which has advised EU Government’s with regards eProcurement.
Arvo provide both Strategic Procurement and Tactical Procurement services to clients, with the strategic approaches focusing on long-term delivery of value and impact, while our Tactical Procurement expertise supports the day-to- day operational aspects of sourcing & procurement. Arvo provides a complete suite of procurement services as well as end-to- end project management to assist organisations in lowering their operating costs through the implementation of effective Procurement, Management and Monitoring of varying Costs. Outcomes include optimised operational performance, enhanced strategic capability and maximised profit opportunities.
To learn more about Arvo’s Procurement expertise, take note of the details at;