Source-To-Pay

“8-Element Evaluation”

Nitor has established world-class benchmarks on the eight key Elements of successful Procurement Organizations. Our cross-industry experience and market studies have determined the People, Process, and Technology behaviors that make a company a “laggard”, “average”, or “best-in-class”. We work with key business process owners for each of the eight Elements to define where you are today, where you want to be tomorrow, and the actions that will bridge that gap.

These 8-Elements are the foundations that support best in class procurement organizations and mirror the eight solutions that form the basis of Nitor’s services.

The key steps to any procurement transformation include:

Establishing the mission statement for each of the 8 Source-to-Pay Elements
Identifying the key activities and sub-tasks in each of the Elements
Conducting a gap analysis to transform the current state to desired state
Developing the People-Process-Technology aspects required to support the transformation
Establishing the key metrics for each of the 8 Source-to-Pay Elements will be measured against
Developing an implementation plan with project charter, resources, milestones and governance

Strategy and Operating Model

Aligning the transformation plan to the "existing" and "to-be" organizational operating model is critical. We help design the future state and construct the business plan to be accepted by the organization. We roadmap the projects to be invested in, roles to be filled, and value to be driven.

Change Assessment and Strategy

Transformation obviously requires significant change in process and technology. Too often, however, companies assume that, “if we build it, they will come” and ignore the impact process/technology change has on people. Our change methodology ensures that your transformation efforts are sustainable by guiding your associates toward new behaviors and skills.

Execution

A transformation program has many components and must be executed through robust planning and rigorous implementation. We apply our project management skills and methodology to ensure objectives are delivered and your transformation initiative to success.