Consulting Business Meeting

ABOUT US

Innovate seeks to increase our clients' profitability by offering procurement as a service. We are strategic thinkers, global leaders, and financial gurus leading innovation in controlling costs, managing suppliers, and driving profitability.

Business Meeting with Clients

OUR STORY

Innovate was founded in 2019 with one mission: disrupt what it means to do procurement by offering it as a service. We have worked alongside our clients to produce savings to provide them savings in 17x the excess of our fees, achieving their customized goals in the process. 

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OUR MISSION

Our mission is to enhance savings and profitability by managing spend and suppliers to fit your customized goals. We offer tailor-made procurement services once exclusively held by Fortune 500 companies to disrupt the misconceptions of procurement and provide you with high quality  procurement solutions at affordable prices, no matter your industry or size.

OUR APPROACH

We will establish a list of best in class procurement and sourcing practices to organize the deployment of a savings plan via projects milestones to ensure you get the savings you need for your business to succeed.

Business Conference

HOW WE DO IT

  • Review client’s policies and procedures to establish clear operating standards that are aligned with unique cultural considerations

  • Shift priorities toward strategy and produce clear ROI with YoY sustainable results

  • Partner with client’s FP&A to assess the proposed spend and proactively identify areas of sourcing opportunity while building leverage

  • Confirm value creation along the way and measure budget impact

  • Focus on key projects and expected value to project annual savings and spend commitments.

  • Provide commercial review based on goals

  • Develop templates/operating standards while ensuring risk mitigation and BCP  

  • Establish robust, quantifiable supplier performance program. 

  • Transition poor performers from the supply base and expand good performers.

  • If possible, deploy no PO, no pay policy and streamline expense management

  • Implement sourcing levers such as pull-a-heads, COLA, long term agreements, expiries

  • Look into leasing as cash infusion

  • Review expenses and categorize based on commodities