Procurement

In terms of purchasing, EPDOR‘s team focuses on determining the purchasing strategy. Purchasing is closely related to the management of the inquiry process. The preparation phase of purchasing is often underestimated - both by individual managers, and even by entire companies. A dynamic and innovative approach, both strategic and operational, towards the resolution process of the purchase items, may yield very interesting results in the form of cost savings. At the moment when the supplier sends a request for a quote, it may already be too late. EPDOR's experts have no doubt that the management of the preparatory phase of the project, from the early stages, is the key to procurement strategy implementation. This includes effectively budgeting the technical parts of the project, assessing the development of the relevant commodity prices, the timing of purchases and the creation of healthy competition in the supply market. A well managed stage of inquiry is followed by a more sophisticated dialogue between customer and supplier, which naturally leads to the identification of other commercial aspects related to the purchase, for example, the agreement of commercial terms of the contract. EPDOR believes that cooperating with the customer to set-up and optimize the purchasing process, in order to maximize value and minimize risk, can be very time efficient and financially attractive.